Frankfurt – November 25th, 2019 – 360T, Deutsche Börse’s FX unit and global provider of a multi-bank, multi-asset trading platform, today announced the completion of its first trade in Streaming Non-Deliverable Forwards (NDFs).
360TGTX Streaming NDFs has been designed to complement 360T’s disclosed ‘Request for Stream’ offering and is a response to market demand for an alternative hedging venue. The new venture supports both disclosed and anonymous trading and is initially available to those firms executing off-SEF, with an on-SEF version anticipated in Q1 next year.
Expanding on its full range of streamlined services across the entire trading workflow of FX and short-term money market products, 360T now gives its clients more access to NDF liquidity. The launch of Streaming NDFs comes at a time when the major Liquidity Providers are expanding their Algo offerings to include NDFs, 360TGTX now offering a unique alternative hedging venue.
“It is clear from the latest surveys and client feedback that the NDF market has evolved significantly over the last few years. Streaming NDFs in the ECN space is a logical evolution and we believe there is space for a faster, more flexible offering. Couple the GTX technology with the 360T franchise and we have a truly differentiated client and inter-dealer offering”, said Simon Jones, Chief Growth Officer at 360T.
Claudia Stirner / Head of Marketing & Communication 360T Group
Telephone: +49 69 900 289 112
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