360T announces All-Time-HIghs and launch of ECN
May 10, 2017
Frankfurt am Main – May 10th, 2017 – 360 Trading Networks (360T), Deutsche Börse Group’s powerhouse for FX announces a new All-Time-High for daily overall trading volumes. The record was set on April 18th, where overall trading volumes exceeded USD 110 billion.
Furthermore, 360T announces the All-Time-High for a monthly ADV of USD 72 billion.
Carlo Kölzer, CEO 360T Group, said: “This strong trading result is driven by the consistent increase of our customer base and represents the results of our Growth and Accelerate program which forms a significant part of 360T’s and Deutsche Börse Group’s FX strategy. We continue to heavily invest in our offering of a true one-stop shop, hybrid FX marketplace through a single integrated gateway.”
“As a key element to the strategy, 360T launched its undisclosed marketplace (ECN) in April this year. The launch of the ECN is another significant step forward in the execution of our joint FX strategy”, he added.
The ECN enables access to additional liquidity and trading styles and adds another complimentary execution mechanism to the OTC FX trading offering. The underlying credit facilitation models are highly scalable and innovative, which enable an easy and efficient participation in the 360T ECN.
Carlo Kölzer further stated: “With the introduction of 360T ECN, our clients can take full advantage of accessing the entire variety of liquidity. Considering new regulatory and capital requirements, our ECN is the right solution for the future FX ecosystem, including the facilitation of the credit mitigation. 360T and Deutsche Börse Group are servicing the market participants with the most holistic offering in the market, with a combined OTC and Listed product range which will also enable liquidity to float from the listed market into the OTC market and vice versa.”
About 360T Group
360T, Deutsche Börse Group’s Foreign Exchange (FX) powerhouse, is an independent, globally-established trading venue. The company provides web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services. In addition to its existing cutting-edge multi-bank portal for FX, Cash, Money Market and Interest Rate Derivatives products, 360T, together with Deutsche Börse Group, provides its clients with the most holistic offering on the market by combining FX OTC and on-exchange FX trading. This infrastructure is the foundation for a truly hybrid model and a unique future FX ecosystem.
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 for a hosted white labelled trading tech solution, between a scalable group of price-takers and either proprietary price providers or a rich selection 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