360T’s SUN Named as Best Venue for FX Derivatives

April 2023

Frankfurt – April 26, 2023 – 360T’s Swaps User Network (SUN) has been named as the Best Venue for FX Derivatives at the FX Market Asia Awards 2023.

Now in their sixth year, these awards were adjudicated by a panel of expert judges from across the FX industry and seek to reward firms that have developed unique and innovative ways to respond to industry needs.

360T SUN 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 360T SUN the first FX Swaps Multilateral Trading Facility (MTF) to offer fully automated API connectivity.

The fact that SUN is fundamentally changing how sell-side institutions trade FX Swaps is particularly significant given the size and continued growth of this marketplace.

Data from the Bank for International Settlements (BIS) triennial survey published last year showed that a daily notional value of $3.8 trillion in FX Swaps is traded globally, meaning that it is the largest segment of the OTC FX market and dwarfs the listed FX derivatives market. In addition, it is also the fastest growing segment of the FX market, with volumes up 19% compared to the BIS data from the previous survey in 2019.

“We are honoured that 360T SUN has been named as the Best Venue for FX Derivatives Trading at these prestigious awards,” said Andrew Jones, Managing Director of 360T APAC.

He added: “As FX Swaps trading volumes continue to grow at a rapid pace, both globally and within APAC, we see increasing demand for the efficiencies, transparency and auto-trading tools which SUN can deliver.”

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 2,400 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

[email protected]