Move promotes openness in FX markets with Thomson Reuters FXall and 360T customers benefiting from integrated and automated price distribution
Frankfurt am Main – June 2018 – 360T, Deutsche Börse Group’s FX unit and Thomson Reuters have expanded their collaboration in the foreign exchange market by enabling pricing of Thomson Reuters FXall customers through 360T’s rate engine technology. Banks utilizing the 360T Pricing Engine infrastructure, comprised of the Market Maker Cockpit and Auto Dealing Suite, can now directly price their customers on the FXall multibank platform.
Landesbank Hessen-Thueringen (Helaba) is the first German financial institution to go live with this new connectivity. Through the new interface, Helaba can quote customers on both the 360T and FXall multi-bank platforms utilizing 360T’s FX price engine technology.
The two-way interface enables 360T’s market maker participants to quote client price requests originated from Thomson Reuters multi-bank platform FXall. By utilizing the 360T Pricing Engine infrastructure, 360T’s and FXall’s clients can benefit from integrated and automated price distribution.
Carlo Kölzer, 360T CEO, said: “We are very pleased that Thomson Reuters is supporting the ‘open platform concept’ which increases the efficiency of the global electronic FX market by connecting market leading venues, technologies and global communities of clients regardless of client type, geographic location or choice of execution venue and FX Fintech partner.”
Michael Burckhart, Head of FX Trading, Helaba, said: “We welcome the cooperation between Thomson Reuters FXall and 360T. With this we can use 360T’s Pricing Engine infrastructure and have the possibility to reach all our FX clients with consistent pricing while benefiting from operational risk mitigation and consistent integration to our internal risk management infrastructure”.
Neill Penney, Co-Head of Trading at Thomson Reuters added: “Collaboration and openness in the financial markets delivers efficiency and value across the entire market, and this partnership puts that principle into action. The enhanced pricing and workflow benefits FXall liquidity providers using the 360T price engine technology.”
About 360T Group
360T is an independent and globally-established trading venue. 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.
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).
About Thomson Reuters
Thomson Reuters FXall is a dealer-to-client FX marketplace used by over 2,300 institutional clients and 180 market makers. Thomson Reuters Matching is an anonymous electronic trade matching system for FX used by thousands of market participants in every region of the world to access and trade on deep liquidity in over 80 currency pairs. Collectively, Thomson Reuters FX platforms support an average daily trading volume of over $407 billion.
Further information: www.360t.com
Head of Marketing & Communication 360T Group
Tel: +49 69 900 289 112