360T, one of the leading providers of web-based trading technologies for OTC financial instruments, today announced its celebration of 15 years in business.
Since its foundation in 2000, 360T has come a long way from a small regional technology start-up to one of the leading global multi-bank trading platforms in the rapidly growing world of electronic trading. With its unique cross-product, multi-bank portal for FX, Money Market and Interest Rate Derivative instruments, 360T has won various awards for its innovation, transparency and competitiveness over the last 15 years. Today, 360T offers a broad network with offices in Frankfurt, New York, Singapore, Dubai and Mumbai with more than liquidity provider and 1500 buy-side clients dealing from 75 countries. This is now culminated in Deutsche Börse Group signing a definitive agreement on July 26th, 2015 to buy the company for a total purchase price of 725 million Euro. The completion of the transaction is still subject to regulatory and anti-trust approval. The Alliance with Deutsche Börse has created a new industry logic and a perfect complementary match. In this regard listed markets and OTC markets work hand in hand and a joined global offering in foreign exchange for FX OTC, listed Futures and options will be able to service the customer base in a changing regulatory environment around the globe.
“15 years is a significant milestone to have reached, especially following times of global crisis and extreme volatility”, said Carlo Kölzer, CEO of 360T. “We are extremely proud of this achievement and I would like to take the opportunity to thank our clients, partners, vendors and mentors who have trusted us during all these years. By constantly being in touch with our clients, we have been able to anticipate their needs and grow with their business. That’s one of the reasons why we have been so successful. We very much look forward to the next 15 years, especially in the new constellation as part of Deutsche Börse Group.”
About 360T Group
360T is an independent and globally-established trading venue. Its fast growth confirms the company’s status as a provider of web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services. Since its inception in 2000, the company has developed and maintained a state-of-the-art multi-bank portal for foreign exchange, cash and money market products and FX/interest rate derivatives.
360T’s secure global transaction network enables clients to trade with greater transparency and enhanced control at every stage of the trading lifecycle. The company also offers licensing of a hosted white labelled trading technology between a scalable group of price-takers and either proprietary price providers or a rich choice of back-to-back liquidity sources. 360T´s buy-side clients are national and multinational corporate treasuries, institutional clients (asset managers, hedge funds, commodity trading advisors), broker/dealers and banks. The company is authorised under German law and regulated by the German Federal Financial Supervisory Authority (BaFin).
Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte. Ltd.), India (ThreeSixty Trading Networks (India) Pvt Ltd) and Dubai (360 Trading Networks LLC).
Further information: www.360t.com
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