360T’s SUN Once Again Named Best Sell-Side OTC Trading Initiative

May 2023

Frankfurt – May 03, 2023 – 360T’s Swaps User Network (SUN) has been named as the Best Sell-Side OTC Trading Initiative for the second year running at the Sell-Side Technology Awards 2023, hosted by WatersTechnology.

These awards recognise the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology developed and managed by senior journalists and the global content director at WatersTechnology.

Winners needed to demonstrate that their solutions enable Sell-Side firms to operate more efficiently, more transparently and more judiciously, while also addressing their most pressing needs in innovative ways.

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.

“We are very proud to have won this award for the second year in a row,” said Simon Jones, Chief Growth Officer at 360T. “This is a testament to all the hard work that our team at 360T has put into building out the platform, in addition to the ongoing support of our Sell-Side partners globally.”

He added: “360T SUN continues to be a game-changer in the FX Swaps market, opening the door to auto-hedging, aggregation and even algorithmic execution for Sell-Side institutions.”

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]