UNITED KINGDOM: BREXIT
The United Kingdom (UK) left the European Union on 31st January 2020. From that date until 31st December 2020, it was agreed that the UK could enter a transition period during which time the UK and EU would have an opportunity to revalue and negotiate the terms of their future relationship.
As the transition period ends, from 1 January 2021 360T will enter the UK Temporary Permissions Regime (TPR) as overseen and supervised by the UK regulator, the Financial Conduct Authority (FCA). This regime will allow 360T to continue doing business without disruption – and in time allow for 360T to obtain full authorisation as a regulated firm by FCA.
The TPR means that 360T clients, whether in the UK or elsewhere, can continue to conduct their transactions via 360T trading systems as normal.
The only immediate change from 1 January 2021 will be for those UK clients who trade on 360T’s Multilateral Trading Facility (MTF). They will be asked to introduce a small change in the information to be provided to 360T to allow 360T to take over trade reporting on their behalf. In relation to Personally Identifiable Information (PII), MTF users with a UK nationality will be asked to provide a passport number.
The TPR is scheduled to operate for a maximum of 3 years. At some point during this period 360T will be invited by FCA to seek full UK authorisation. Although we do not expect UK authorisation to materially change how clients access and use 360T’s trading systems, we will of course keep our clients fully appraised of all development as and when they arise.
We at 360T | Deutsche Börse Group create trust in the markets of today and tomorrow. As reliable market infrastructure provider, trusted partner and caring employer, we take the global COVID-19 situation very seriously.
While so far our business has not been critically impacted, we continue to monitor the situation at all company locations and worldwide very closely and have deployed a preventive response plan that is in accordance with industry standards and regulatory requirements. Our business continuity measures are designed to allow us to maintain our services. We assure our customers that we will remain their trusted partners and inform them proactively about any impact on our services to them.
The safety of our employees and their families is our top priority at all locations. We remain in close contact with our customers, suppliers, our regulators and the competent bodies and assess the situation at hand daily.
Welcome To The Best Professional E-Trading Venue*
360T operates and constantly refines an entirely autonomous, proprietary technology and can therefore ensure short product development cycles. In this way, 360T has the capacity and total control to provide clients with a timely development of solutions and functionalities and we can deliver the needs of our customers triggered by trends or changing market requirements. As we believe it is important to keep a close relationship with all our clients and the FX trading industry, 360T is in constant dialogue with all kinds of market participants, technology vendors, consultants and other relevant organizations.
*According to FX Week Best Banks Awards 2020
Clients
Customised trading for all professional OTC market participants.
Banks
Broker/Dealers
Corporate Treasuries
Institutional Investors
Trading Solutions
The most holistic offering in the FX market.
Testimonials
What clients think about 360T.
Old Mutual Group
As an early adopter of 360T, Old Mutual has been very happy with the support provided by 360T for business as usual and various integration projects over the years. The portal has an extremely high availability percentage, and 360T always provides a professional service in all interactions with their customers.
Sandy Levine
Treasury Systems Project Manager
Zenith Bank
360T is a technology provider who can flexibly react and facilitate an increasingly complex market.
Nick Freitag
Senior Dealer, Foreign Exchange
Lufthansa Group
One of the key factors why Lufthansa chose 360T was certainly the variety of instruments. We also like the transparency of pricing to the banks and the excellent client service.
Torsten Kohrs
Group Treasurer