grow your liquidity with 360TGTX:
Your anonymous spot ECN


With 360TGTX you take full advantage of accessing new sources of bank and non-bank liquidity.

360TGTX is the ECN or undisclosed Spot marketplace of 360T.It is offered alongside 360T’s highly successful disclosed marketplace, 360T TEX.


360TGTX enjoys wide participation from over 500 buy- and sell-side clients, well diversified by geography (over 75 countries) and segment (Tier 1 banks / non-banks, Corporates, Asset Managers, Regional Banks, Hedge Funds, Systematic trading firms etc.)

Round the clock access to deep liquidity in 162 Major, EM and exotic Spot currency pairs and precious metals with tight spreads from 0.1 pips

With access to over 500 price streams globally, and strong participation from local currency specialists within our franchise, we are able to offer unique differentiated liquidity for each currency pair, specifically customized to your trading needs

Credit risk mitigation and access to the ECN is provided via a network of CCPs, PBs, PoPs and direct bank lines. Trades are routed to systematically provide credit and clearing efficiencies. Pre-trade risk limits can be defined to constrain exposure

Meet genuine, uncorrelated, diversified client flow and firm liquidity from leading market makers on our Central Limit Order Book (CLOB) powered by the Eurex T7’s ultra-low latent matching technology, providing real-time tick data at 67 micro-seconds for ultimate price transparency devoid of black-out periods from snapshotted market data. Ability to access this market through existing FIX connectivity or directly through out low-latency ETI API


The familiar full amount streaming capabilities from 360T’s TEX are also available on the undisclosed market, with ability for discrete risk transfer all the way up to 250mn.

Liquidity providers can provide sweepable and full amount streams simultaneously for widest participation whilst being receiving complete benefit of the platform’s full amount liquidity protections

ECN pricing is sourced from NY4, LD4 and TY3 and latency sensitive participants can co-locate for millisecond access to the market. Local price feeds originate from regional risk books and offer unique execution opportunities

With a team of liquidity managers across the globe, our focus is on building and curating sustainable pools of liquidity for each portfolio of order flow to ensure that market access intention match the appropriate quality of service of liquidity

Our SOR algorithms are tuned to complement our liquidity optimization efforts by routing order flow into liquidity pools that offer superior execution outcomes measured through higher fill ratio, lower market impact and lower response times

Accurate and precise insights on your participation allow you to optimize your performance, and is complemented with the deep experience from our execution managers in your region


360T ECN TRANSACTION FEES

Access to the 360T ECN is provided at ultra-competitive brokerage, with further attractive discounts based upon activity

Base Fee Structure (Firm & Last Look Liquidity)

Fee (EUR / mio) 1,2,3,5
Make
Take 4
Upto 100 mn / day
3
2
From 100 mn to 500 mn / day
2.6
1.8
From 500 mn to 1 bn / day
2.2
1.5
More than 1 bn / day
1.8
1

The appropriate brokerage tier is determined based on the Participant’s total monthly ECN trade volumes (making and taking activity combined) on 360T´s ECN.
2  The fees are pro rata i.e. there is no minimum ticket fee
3  Passive orders via 360T Supersonic or EMS that add liquidity with a good for day validity, and unaltered on limit price are fee-free
4  Usage of the CCP incurs a charge of EUR 3 per million which is passed through to the Participant removing liquidity. This fee is also pro rata
5  Takers can opt for an all-inclusive traded rate @ 0.001% mark-up, rounded in accordance with currency pair precision

Further Discounts

Firm Liquidity

Participants can earn attractive market share discounts on the base fee structure for their participation in the firm marketplace

  • Fees for volumes in a currency pair will gain a discount @ 2.5x the Participant’s market-share in that currency pair for the previous month, provided the Participant’s market-share is at least 5%. These discounts are capped at 100% of the brokerage applicable to the relevant currency pair for that month
  • The discounts are computed based on the top-line values in the base fee structure
  • Participants continue to gain advantage of the volume-discounted base fee structure, if that works out cheaper
  • These discounts are not applied to the CCP surcharge as it is completely passed-through by 360T as incurred

360T ECN Market Data and Connectivity Charges

360T adopts a value-driven approach in charging for connectivity to, and market data from its ECN

Base Fee
(EUR per month) 1
Market Data Sessions 2
Order Sessions 3
EOBI
EMDI
MDI
ETI
SST MT API
SEP MM API
Timing
Real-time
(67 μs)
Real-time
(67 μs)
Snapshot
(50 ms)
Real-Time
(RTT 144 μs)
Snapshot
(50 ms)
Real-Time
Visibility
Full
Order Book
Aggregate
Order Book
Aggregate
Order Book
N/A
Configurable
N/A
Depth
Full Depth
10 Levels
10 Levels
N/A
Max 10 Levels
N/A
Marketplace
CLOB
CLOB
CLOB
CLOB
ECN
ECN
Marketplace Trades
Yes
Yes
No
No
No
No
Send Orders
No
No
No
Yes
Yes
Quotes
Monthly charges (EUR) per Session, discounted based on Monthly Participant Volume (mio EUR) per Session
>=10,000
0
0
0
0
0
0
5,000-9,999
100
50
0
0
0
0
2,500-4,999
200
100
50
0
0
0
1,000-2,499
350
175
75
0
250
0
<1,000
500
300
100
250
500
250
Supersonic Trader GUIFree
Physical Connectivity Charges
Cross-ConnectClient pays all data center cross connect charges. 360T does not charge for physical connectivity
InstallationFree

1   The Base Fee for Market Data Sessions is per EUR bn of Marketplace ADV, and incremented for every EUR bn rounded up. After a Marketplace ADV of EUR 10bn, the base fee is incremented in EUR 5bn steps rounded up
2   Each Market Data Session is free for 3 months from launch of the marketplace
3   Each Order Session is free for 3 months from establishment of connectivity

Currency PairsPrecision% Price Range1 (Each Side of Mid)
EUR/AUD50.75
GBP/AUD50.75
AUD/CAD50.75
EUR/CAD50.75
GBP/CAD50.75
NZD/CAD50.75
USD/CAD50.75
AUD/CHF50.75
CAD/CHF50.75
EUR/CHF50.75
GBP/CHF50.75
NZD/CHF50.75
USD/CHF50.75
AUD/CNH50.75
CAD/CNH50.75
CHF/CNH50.75
CZK/CNH60.75
DKK/CNH50.75
EUR/CNH50.75
GBP/CNH50.75
HKD/CNH50.75
HUF/CNH70.75
ILS/CNH50.75
JPY/CNH70.75
MXN/CNH50.75
NOK/CNH50.75
NZD/CNH50.75
PLN/CNH50.75
RUB/CNH50.75
SEK/CNH50.75
SGD/CNH50.75
THB/CNH70.75
TRY/CNH50.75
USD/CNH50.75
ZAR/CNH50.75
AUD/CZK40.75
CAD/CZK40.75
CHF/CZK40.75
EUR/CZK40.75
GBP/CZK40.75
NZD/CZK40.75
USD/CZK40.75
AUD/DKK50.75
CAD/DKK50.75
CHF/DKK50.75
EUR/DKK50.75
GBP/DKK50.75
NZD/DKK50.75
USD/DKK50.75
EUR/GBP50.75
AUD/HKD50.75
CAD/HKD50.75
CHF/HKD50.75
EUR/HKD50.75
Currency PairsPrecision% Price Range1 (Each Side of Mid)
GBP/HKD50.75
NZD/HKD50.75
USD/HKD50.75
AUD/HUF30.75
CAD/HUF30.75
CHF/HUF30.75
EUR/HUF30.75
GBP/HUF30.75
NZD/HUF30.75
USD/HUF30.75
AUD/ILS50.75
CAD/ILS50.75
CHF/ILS50.75
EUR/ILS50.75
GBP/ILS50.75
NZD/ILS50.75
USD/ILS50.75
AUD/JPY30.75
CAD/JPY30.75
CHF/JPY30.75
CZK/JPY50.75
DKK/JPY50.75
EUR/JPY30.75
GBP/JPY30.75
HKD/JPY50.75
HUF/JPY50.75
ILS/JPY30.75
MXN/JPY50.75
NOK/JPY50.75
NZD/JPY30.75
PLN/JPY30.75
RUB/JPY50.75
SEK/JPY50.75
SGD/JPY30.75
THB/JPY50.75
TRY/JPY30.75
USD/JPY30.75
ZAR/JPY30.75
AUD/MXN50.75
CAD/MXN50.75
CHF/MXN50.75
EUR/MXN50.75
GBP/MXN50.75
NZD/MXN50.75
USD/MXN50.75
AUD/NOK50.75
CAD/NOK50.75
CHF/NOK50.75
EUR/NOK50.75
GBP/NOK50.75
NZD/NOK50.75
USD/NOK50.75
AUD/NZD50.75
EUR/NZD50.75
Currency PairsPrecision% Price Range1 (Each Side of Mid)
GBP/NZD50.75
AUD/PLN50.75
CAD/PLN50.75
CHF/PLN50.75
EUR/PLN50.75
GBP/PLN50.75
NZD/PLN50.75
USD/PLN50.75
AUD/RUB50.75
CAD/RUB50.75
CHF/RUB50.75
EUR/RUB50.75
GBP/RUB60.75
NZD/RUB50.75
USD/RUB50.75
AUD/SEK50.75
CAD/SEK50.75
CHF/SEK50.75
EUR/SEK50.75
GBP/SEK50.75
NZD/SEK50.75
USD/SEK50.75
AUD/SGD50.75
CAD/SGD50.75
CHF/SGD50.75
EUR/SGD50.75
GBP/SGD50.75
NZD/SGD50.75
USD/SGD50.75
AUD/THB30.75
CAD/THB30.75
CHF/THB30.75
EUR/THB30.75
GBP/THB30.75
NZD/THB30.75
USD/THB30.75
AUD/TRY50.75
CAD/TRY50.75
CHF/TRY50.75
EUR/TRY50.75
GBP/TRY50.75
NZD/TRY50.75
USD/TRY50.75
AUD/USD50.75
EUR/USD50.75
GBP/USD50.75
NZD/USD50.75
AUD/ZAR50.75
CAD/ZAR50.75
CHF/ZAR50.75
EUR/ZAR50.75
GBP/ZAR50.75
NZD/ZAR50.75
USD/ZAR50.75

1 The % Price Range is used to determine Off-Market Transactions in accordance with the 360T ECN Rulebook