Frankfurt am Main – September 16, 2020 – 360T has been named as the “Best ECN/MDP for Forwards/Swaps” and the “Best Market Data Provider” at the FX Markets 2020 e-FX Awards.
The winners of the e-FX Awards, which are now in their 18th year, are determined by a panel of expert judges from across the FX industry, in addition to senior editors at FX Markets.
“We are delighted to have won these two awards,” said Carlo Kölzer, CEO of 360T and Global Head of FX at Deutsche Boerse Group. “In recent years 360T and Deutsche Boerse Group have made strategic investments into our FX Swaps and Market Data offerings and these awards are both a validation of this strategy and evidence of our skill in executing upon it. As we celebrate the 20th anniversary of 360T this year, they also reflect our ongoing commitment to innovation and excellence with the FX market.”
Although 360T has long been known for its strength as a venue for buy side firms needing to trade FX Forwards and Swaps, the past 12 months have seen the development and subsequent launch of the innovative MidMatch platform, a fully automated FX Swaps limit order book with mid-rate matching capability aimed at the interbank market. Essentially, the platform offers FX Swaps traders all the tools and functionality of a voice brokered trade with the look, feel and efficiency of electronic spot trading.
The mid-rate for the MidMatch platform is driven by 360T’s Swaps Data Feed (SDF), which was developed in partnership with DIGITEC and offers full granularity across the curve from O/N out to two years in over 40 pairs, providing Swaps Market Data in an unlimited number of crosses in G10, EM and NDF currency pairs. The SDF is now directly integrated into the pricing engines at 20 major banks and includes key dates such as central bank meetings, IMMs, month end/beginning and quarterly turns all standardised within the curve.
But while the SDF is a truly unique product it constitutes only one part of 360T’s Market Data Suite, which also includes the Essential Data Feed (EDF), the Historical Data Feed (HDF) and, most recently, a Flows Data Feed (FDF). The FDF is a consolidation of all the executed data series from 360T’s 20 years servicing the FX industry and is formulated to provide insight into volumes, directions and trends across FX executions.
“The launch of our MidMatch platform and the development of our Market Data Suite have been two major initiatives for 360T over the past year and we are thrilled that the industry is recognising the value of these, both through their support of each and now through these awards. The trend in FX is clearly towards increased electronification and automation, which needs robust, reliable data to support it and it is gratifying to see that 360T is being acknowledged as a market leading provider on both of these fronts,” said 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
DIGITEC has been the world market leading software provider for FX and MM pricing systems for almost 20 years. Their clients are amongst the top 100 global acting banks, who run the software on a 24h basis in different trading centres globally. DIGITEC is based in Hamburg, Germany. For more information about DIGITEC’s Financial Technologies, visit its website at www.digitec.de
Head of Marketing & Communication 360T Group
Tel: +49 69 900 289 369