Union Investment partners with 360T for Eurex FX Futures Trading

September 2023

FRANKFURT – September 28, 2023 – Union Investment has executed its first Block FX Futures trade through 360T and is implementing the 360T Execution Management System (EMS) to further enhance its execution capabilities.

The trade was requested and priced through 360T, and processed directly into Eurex for clearing. Deutsche Bank acted as the liquidity provider.

Off-exchange FX Futures, such as Block trades, allow banks and their clients to maintain their disclosed bilateral relationship trading models while also leveraging the benefits of central clearing. With regulatory changes potentially increasing the costs associated with trading FX Forwards across OTC channels, 360T expects these products to become increasingly attractive to FX market participants.

“Given that we are a long-term user of Eurex FX Futures and have many trading relationships to manage, 360T – which offers us a range of specialist execution management capabilities – was a natural choice to partner with. We are confident that using the 360T EMS to manage all of our off-exchange Futures relationship-trading activity in a fully integrated setup will deliver significant benefits to our trading desk,” said Rico Milde, Head of FX Trading at Union Investment.

“We are thrilled to be the inaugural FX Futures liquidity provider for Union Investment on 360T’s platform. The seamless integration between 360T and Eurex empowers users to reap the advantages of central clearing while still enjoying the customisation of OTC FX execution models, in which Deutsche Bank can provide bespoke pricing,” said Hilko Kalberlah, Head of DACH FX Sales for Institutional Clients at Deutsche Bank.”

“We are pleased to be partnering with Union Investment. The seamless integration between 360T and Eurex is part of a strategic investment we have made into supporting Listed FX trading alongside our world class OTC offering and we are now able to provide access to a range of different FX Futures products to meet the various needs of our diverse, global client base. Meanwhile, we continue to see strong adoption of our best-in-class EMS by market-leading firms like Union Investment as they look for ways to continue expanding and enhancing their FX execution capabilities,” said Sebastian Hofmann-Werther, Head of EMEA at 360T.

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]