360T Tackles Liquidity Fragmentation with HyperSonic Launch

October 2020

Frankfurt am Main – October 27, 2020 – 360T has announced the launch of HyperSonic, an ultra-low latency aggregator and orderbook for Spot FX trading across its disclosed (TEX) and undisclosed (360TGTX) marketplaces.

Through HyperSonic 360T clients can now enjoy the fastest matching technology available in the FX industry today, but speed and level of performance are not the only things that make it unique.
By creating a common orderbook for the broad franchise that 360T has spent the past 20 years building – which includes institutional investors, corporates, banks and hedge funds – HyperSonic substantially increases the range of Spot FX liquidity that participants can interact with through one single point of entry.

Because there is such a diverse spectrum of participants in the global FX market, trading venues have traditionally created distinct market models that are designed to cater to the varied intentions and expected outcomes of different types of trading activity. One unintended consequence of this has been to wall-off the liquidity within each different market model, creating a fragmented liquidity landscape.

HyperSonic reverses this trend by using unified, high-performance technology to stitch previously fragmented pools of liquidity together. Crucially, with support for bilateral and facilitated credit and our signature liquidity protection mechanisms, HyperSonic allows all this liquidity to interact without compromising expected outcomes or affecting the trading styles of different market participants. The end-result of this is a marketplace that will add more value than the sum of its constituents.

The first set of clients are live, with all clients expected to be gradually migrated to the HyperSonic backbone by Q3 2021 in a process seamless to existing users. In the meantime, 360T’s existing platforms, including SuperSonic, will continue to be fully compatible and act as access points to this broader marketplace.

“HyperSonic enables us to leverage 360T’s unique franchise to deliver significant benefits to everyone within it by bringing previously siloed pools of Spot FX liquidity together in one place. To maximise the effectiveness of HyperSonic we had to invest significant time and resources into ensuring that we created the fastest matching technology available in the industry today and through this roll out, make it accessible to all our clients across the business.” says Simon Jones, Chief Growth officer at 360T.


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


Media Contact
Sarah Brylewski
Head of Marketing & Communication 360T Group
[email protected]
Tel: +49 69 900 289 369