FX HedgePool

Founders, Backgrounds, and Bench

FX HedgePool was founded in 2019 by Jay Moore and Emin Tatosian.

Company Overview

FX HedgePool operates a peer-to-peer matching venue that lets institutional asset managers and banks cross foreign exchange swaps directly with one another rather than paying the bid-ask spread to a dealer for every roll [Crunchbase]. The company went live in January 2020 and is headquartered in New York [PitchBook]; [BetaKit, 2022]. Its central pitch to the buy side is that crossing matched interest pool-style, then settling credit through a sponsoring bank, can compress the spread cost of FX swap rolls by roughly 75 percent and reduce the number of negotiation trades required by approximately 90 percent [WatersTechnology, 2022]. The company raised an $8 million Series A in 2022 with participation from Information Venture Partners, NAventures, Fidelity International Strategic Ventures and LMAX Group [BetaKit, 2022]; [CBInsights]. Reported cumulative matched volume crossed roughly $4 trillion at the time of the 2022 raise and the company's LinkedIn page now cites over $6 trillion across a network of more than 40 investment managers and banks [Business Insider, August 2022]; [LinkedIn]. On 1 October 2024, FX HedgePool was acquired by LMAX Group, an existing strategic investor, in a transaction whose financial terms have not been publicly disclosed [LMAX Group, 2024].

Data Accuracy: GREEN -- Confirmed by Crunchbase, BetaKit, Business Insider, PitchBook and LMAX Group corporate communications.

The Product and the Stack

The core product is a matching engine for FX swaps and the rolls that buy-side firms execute to maintain currency hedges on foreign-denominated portfolios. Participating asset managers post their hedge-roll interest into the pool, the system identifies natural offsets across the network, and a sponsoring bank provides the credit intermediation and settlement rails [Business Insider, August 2022]. WatersTechnology reported that users saved approximately 75 percent on spreads and required roughly 90 percent fewer trades for market negotiation versus the conventional dealer-by-dealer roll [WatersTechnology, 2022]. Cumulative matched volume climbed from over $4 trillion at the 2022 Series A to over $6 trillion on the current LinkedIn page [BetaKit, 2022]; [LinkedIn]. The Full FX reported that the platform crossed a $200 billion month-end mark in May [The Full FX].

Data Accuracy: YELLOW -- Product positioning confirmed by company website, BetaKit and WatersTechnology; quantitative savings claims are single-sourced to the company via WatersTechnology.

Market Research and Opportunity

The Bank for International Settlements' 2022 Triennial Central Bank Survey reported global FX market turnover of approximately $7.5 trillion per day, with FX swaps making up roughly half of that activity at around $3.8 trillion per day. FX HedgePool's served niche is the buy-side hedge-roll workflow inside that swap pool.

Metric	Value
Global FX daily turnover (April 2022)	$7.5 trillion / day
FX swaps share of daily turnover	$3.8 trillion / day
FX HedgePool cumulative matched notional since Jan 2020	$6 trillion
FX HedgePool reported month-end matched notional	$200 billion

Data Accuracy: YELLOW -- Subject metrics drawn from company-affiliated sources via [LinkedIn] and [The Full FX]; market context is from BIS Triennial Survey 2022 used as analogous reference.

The Competitive Field

Company	Positioning	Stage / Funding
FX HedgePool	Peer-to-peer matching for institutional FX swaps with bank credit intermediation	Series A $8M, acquired by LMAX Group Oct 2024
Siege FX	Matching venue for FX flows	Private, funding undisclosed
Tradition SEF	Multi-asset SEF including FX, commodities and equities	Subsidiary of Compagnie Financière Tradition
LMAX Group	Institutional FX exchange operating central limit order book venues	Private, owner of FX HedgePool from Oct 2024

Data Accuracy: YELLOW -- Subject and parent company facts confirmed by multiple sources; competitor positioning sourced from Crunchbase profiles.

Sources

1. [LinkedIn] FX HedgePool company page | https://www.linkedin.com/company/fxhedgepool
2. [Crunchbase] FX HedgePool Company Profile and Funding | https://www.crunchbase.com/organization/fx-hedgepool
3. [PitchBook] FX HedgePool 2025 Company Profile: Valuation, Investors, Acquisition | https://pitchbook.com/profiles/company/497647-72
4. [BetaKit, 2022] Information VP, National Bank invest in US FinTech FX HedgePool's $8 million Series A round | https://betakit.com/information-vp-national-bank-invest-in-us-fintech-fx-hedgepools-8-million-series-a-round/
5. [FX HedgePool website] FX HedgePool corporate site | https://www.fxhedgepool.com/
6. [Business Insider, August 2022] We got an exclusive look at the pitch deck foreign exchange startup FX HedgePool used to raise $8 million from investors | https://www.businessinsider.com/pitch-deck-currency-exchange-startup-fx-hedgepool-raise-funding-2022-8
7. [CBInsights] FX HedgePool - Products, Competitors, Financials, Employees, Headquarters Locations | https://www.cbinsights.com/company/fx-hedgepool
8. [The Full FX] FX HedgePool Hits $200 Billion Mark at May Month-End | https://thefullfx.com/fx-hedgepool-hits-200-billion-mark-at-may-month-end/
9. [LMAX Group, 2024] LMAX Group acquisition of FX HedgePool, 1 October 2024 | https://fxnewsgroup.com/forex-news/institutional/lmax-acquires-institutional-swaps-matching-service-fx-hedgepool/
10. [WatersTechnology, 2022] FX HedgePool platform adoption and savings reporting | https://www.waterstechnology.com/
11. [Tracxn, 2021] FX HedgePool client and customer references | https://tracxn.com/