360TGTX MidMatch Named Best Sell-Side OTC Trading Initiative

April 2022

Frankfurt – April 11, 2022 – 360TGTX MidMatch has been named as the Best Sell-Side OTC Trading Initiative at the 2022 Sell-Side Technology Awards hosted by WatersTechnology.

These awards, which are granted based on an auditable and transparent methodology developed and managed by WatersTechnology’s senior journalists, recognise the top technology providers operating in the financial services industry today.

360TGTX MidMatch utilises an indicative streaming mid rate that comes from 360T’s award-winning Swap Data Feed (SDF), developed in partnership with DIGITEC, to offer grey-book risk exchange at mid-market. It also allows both GUI and API users to post resting bids and offers, using a choice of different automated credit models that remove the risk and latency of soft-matching. This makes MidMatch the first FX Swaps Multilateral Trading Facility (MTF) to offer fully automated API connectivity.

“We’re delighted to have won this award,” said Simon Jones, Chief Growth Officer at 360T. “We made a large, strategic investment in 360TGTX MidMatch and this award validates the approach and all of the progress we have made with the platform.”

He added: “360TGTX MidMatch is fundamentally changing and enhancing how sell-side firms trade FX Swaps. The innovations the platform offers come at a time when new market entrants and strategies are pushing FX Swap volumes to all-time highs and provides support for both of those.”

 

About 360T Group

360T is one of the globally leading trading platforms for Foreign Exchange (FX). 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. With over 2,300 buy-side customers and more than 200 liquidity providers across 75 different countries, 360T is uniquely positioned to connect the global FX industry.

Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte. Ltd.), Mumbai (ThreeSixty Trading Networks (India) Pvt Ltd), Kuala Lumpur (360 Trading Networks Sdn Bhd) and Dubai (360 Trading Networks (DIFC) Limited).

Further information: www.360t.com

360T media contact:

Sarah Brylewski

+49 69 900 289 369

sarah.brylewski@360t.com