grow your liquidity with 360T´s ECN:
Your anonymous spot liquidity venue


With 360T´s ECN you take full advantage of accessing new sources of bank and non-bank liquidity.

Instant, undisclosed, 24/5, tight liquidity: in addition to the existing relationship-based and fully disclosed trading offering, 360T´s ECN allows trading and best execution in the FX spot market while retaining anonymity.

360T´s ECN appears as additional liquidity source in Supersonic Trader with anonymized ECN market data to facilitate robust price discovery, enable trading models and aid analytics. The system ensures the optimal usage of settlement lines to balance cost of credit, fees and transaction to determine the most cost-effective path to book trades, based on available credit.

Market taker banks, hedge funds/CTA‘s and asset managers as well as retail aggregators and corporates benefit from competitive FX spot pricing, aggregated from a wide-ranging distribution network of liquidity providers.

With J.P. Morgan as your settlement partner you can rely on a trusted and well-established counter-party.

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Your benefits:


Beneficial pricing

Boosted execution performance

Optimized credit network

Guaranteed protection

Corporate governance


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