360T, Deutsche Börse’s powerhouse for FX and independent global provider of a multi-bank, multi-asset trading platform, now offers a fully integrated trade confirmation solution in partnership with BELLIN, a global leader in providing web-based treasury software and services. The solution enables corporate treasuries and banks to automate the exchange and management of deal confirmations for their FX and money market deals seamlessly via 360T’s TEX trading platform.
An integrated deal export client delivers all trades from 360T´s multibank platform to the confirmation system, in which clients can easily enter and transmit transaction data to their bank and receive the corresponding bank-side confirmations. Messages are sent via the integrated SWIFT connection directly to and from the banks and are automatically processed in the system. In the course of the onboarding process clients additionally obtain their own BIC codes for the purpose of sending and receiving messages through the SWIFT network in their own name.
“This single point of access is highly beneficial for our clients to exchange confirmations in a secure and timely manner”, says Alfred Schorno, Global Head of Sales, 360T Group. “It often has become a challenge for corporate treasurers to match their trades with banks or subsidiaries within a narrow time frame due to EMIR and other regulatory requirements. The more important it is to extend the value chain for our clients, being a long-term solution partner who support their workflows and enables them to meet these and all future demands.”
About 360T Group
360T is an independent and globally-established trading venue. As Deutsche Börse Group’s powerhouse for FX, 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