A fully fledged routing, margining and credit system which sits at the very heart of the 360T product offering.
Based on customer-defined rules, our Automated Dealing Suite (ADS) allows requests from connected companies or entities to be routed to either an integrated pricing server, which automatically quotes a price, or to a group of selected banks in the market or to a dealer, who deals with the request manually. ADS enables users to reap all the benefits of automated trading, whilst still maintaining full control and flexibility.
Core Features
Define Your Own Rules
ADS lets users create bespoke rule sets for individual counterparties that can be based on a wide range of different parameters such as the currencies being traded, the time of day and the size of the order.
Create Currency Blacklists
The Currency Blacklist allows users to define all currencies for which no pricing should be provided. Any request involving one of the blacklisted currencies received by the ADS will be neglected.
Routing
Users can implement different rule sets for different counterparties. Auto dealing rules can be set up for trading FX Spot, FX Forwards, FX Swaps, Block trades, loans, deposits, NDFs and FX Options.
Rule Activation Time
An activation time for every rule can be defined. This feature allows handling requests differently at different times of the day.
Trading Venue
This option is only active, if the provider entity is enabled for the 360T Multilateral Trading Facility (MTF).
Up to Notional Limit
Every request up to the stated amount will be handled according to the relevant rule.
Up To Period / Near Leg Period / Far Leg Period
Where applicable, the tenor can be set either by a specific time period or a default period from the drop-down menu. For FX Swaps, a period can be defined for each leg of the Swap. For Block trades and MFT, all periods of the legs of the Block will be considered and have to be shorter or equal than the defined “Up to Period”.
Route
This defines the request-forward parameter.
Manual Destination
This attribute defines the group of traders manual requests will be routed to.
Market Link Destination
This rule is only relevant when Route Market Link is selected. It allows users to select a specific Provider Group.
Market Link Trading Venue
This option is only active if the provider entity is enabled for the 360T Multilateral Trading Facility (MTF). It is shown under the derivative products that are supported by the 360T MTF.
Margining
Depending on the instrument, a margin can be applied to the spot rate, to the Swap points or to the interest rate.
Margin Type
A margin can be defined that will be added/deducted from the price. This margin can either be expressed in pips, in percent or in a fixed amount in the home currency, according to the selection in this field
Bid/Offer Spot Margin
This margin will be deducted/added from the Spot price when the client requests a sell/buy quote. The margin is expressed in pips based on intervals of one decimal place, in percent with a maximum of 3 decimal places or as a fixed amount in the home currency.
Bid/Offer Forward Margin
This margin will be deducted/added from the forward points when the client requests to sell/buy a Forward. The margin is expressed in pips based on intervals of 3 decimal places, in percent with a maximum of 3 decimal places.
Bid/Offer Swap Margin
A margin will be deducted/added from the swap points when the client requests a sell/buy swap. The margin is expressed in pips based on intervals of 3 decimal places, in percent with a maximum of 3 decimal places or as a fixed amount in the home currency.
Credit
ADS has two credit systems embedded within it to suit different client requirements.
Simple Credit System
This is a straightforward pure volume daily settlement limit count. Easy to understand and apply, it ensures that users know exactly how and when they will hit their credit limits.
Enhanced Credit System
This gives users the flexibility to determine how their credit limits are applied: Users might want to see their limit on a net open position (NOP) basis, on a per product basis, a per currency basis or they might want to weight different products differently.