360T named as "Most improved by E-Market Share multi-bank and independent platforms"
Frankfurt, 16 May 2008: 360T announced today that they won the important category “Most improved by E-Market Share multi-bank and independent platforms” in Euromoney’s FX Poll 2008.
360T is growing rapidly and has improved its market share way above average compared to other multi-bank platforms last year. Nowadays, the company has clients in more than 40 countries trading on the deep liquidity of 60 over market maker banks.
This growth has been and continues to be driven by several factors:
First by geographical expansion of the sales area to North and Latin America, Asian Pacific, central Europe and the Middle East. These efforts were supported with the opening up of new offices and the staffing of them with sales and support teams in New York and Singapore. Fast-growing customer numbers in Americas and the Far East have confirmed 360T’s strategy to expand its business to these major financial centres.
Second, 360T has diversified its user groups. Over the last two years functionalities were enhanced for market taker banks and institutional clients. Along with its request for streaming prices tables, professional traders can now use trading applets based on executable streaming built with the latest state-of-the-art technology. This diversification goes hand-in-hand with strong and still-growing market share amongst corporate treasuries. Strong pre- and post-trade functionalities continue to help 360T gain a leading position in the areas of competitive pricing and STP.
Third, the fast growing trading volumes in FX - and Money Market - has led to growing volumes in other products tradable on our multi-product channel. Recently introduced trading features for FX options and option strategies are well used and the volume on the channel to trade money market funds is increasing. Since the beginning of 2008 trading in OTC precious metals is available and trading in base metals OTC is planned to start later in the year. Since February 2008, clients on the 360T platform have a fully enhanced FX order management tool with almost the full palette of order types available.
Last but not least, a growing number of both corporate and institutional clients are using the unique integrated intra-group / white-label trading solution I-TEX. This is often enabled with an integrated pricing engine for automatic back-to-back and/or manual pricing. I-TEX has been enhanced with additional handy functionalities requested by customers as well as with a fully integrated FX order management tool.
About 360T
360T® (360T Trading Networks) owns and maintains one of the most advanced trading technologies for OTC financial instruments capable of trading in streaming-price and quote-request mode. 360Ts clients are multinational corporate treasuries, asset managers, hedge funds, broker dealers, and banks on the buy side.
TEX® Multidealer Trading System is 360T’s global cross-product Multibank Portal with rich liquidity of 60+ major providers. Buy-side clients can trade FX, options, short term money market, interest derivatives and other financial instruments simultaneously with multiple market makers of their choice.
Supersonic TEX®, 360T’s professional solution for ultimately liquid and fast FX spot trading, provides aggregated executable streamed prices from multiple stream providers enabling users to view and execute full market depth in all major currency pairs.
I-TEX® Intra-Group Trading System is 360T’s robust white label trading technology to be applied as corporate in-house banking solution, single-bank platform underlying, or electronic broker dealer margin trading service on a proprietary branded platform.
360T was founded 2000 with group headquarter and EMEA operations based in Frankfurt/Germany. The company has subsidiaries in New York (360T Americas) and Singapore (360T Asia Pacific).
For more information, visit www.360t.com.
360 Treasury Systems AG
Ms. Miriam Hartmann
Grüneburgweg 16-18 / Westend Carrée
D-60322 Frankfurt am Main
Phone: +49 69 900 289 44
Fax: +49 69 900 289 29
Email: press@360t.com |
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