360T Hires Gavin Wells to Lead FX Swaps Strategy
Frankfurt am Main – January 15, 2020 – 360T Group, Deutsche Börse Group’s FX unit and global provider of a multi-bank, multi-asset trading platform has appointed Gavin Wells as Head of Swaps Strategy. Starting at the beginning of February, he will be based in London and reports to Simon Jones, Chief Growth Officer at 360T.
Gavin Wells joins 360T with a wealth of experience including running FX Trading at Citigroup, leading ForexClear at LCH and most recently as Head of Europe at Digital Asset Holdings. He will work alongside Robin Nicholas, Head of Swaps Product at 360T in driving the 360TGTX MidMatch product, an extension of the 360T multilateral trading facility platform.
360TGTX MidMatch will deliver, a risk offset pool via its Swaps Data Feed, providing members with the opportunity to reduce execution costs. The existing manual process in today’s FX Swaps world will be replaced by new tools and functionalities, such as price streaming, partial fills, granular relationship management, automated credit models and full straight-through processing. The limit order book will stream an FX Swaps independent indicative mid-market rate in G10, emerging market and non-deliverable forward currency pairs, allowing members to submit their interest to buy or sell with intent protection.
Simon Jones, Chief Growth Officer at 360T said: “To be able to attract someone of Gavin’s experience and track record in the FX Industry is a reflection on the potential which the electronic FX Swaps Trading space represents over the next few years. We have invested heavily in 360TGTX MidMatch and are excited to have someone of Gavin’s calibre to help lead the initiative.”
About 360T Group
360T is an independent and globally-established trading venue. As Deutsche Boerse Group’s FX unit, 360T provides a 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 authorized 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
Head of Marketing & Communication 360T Group
Tel: +49 69 900 289 112