TEX® Multidealer Trading System
Focused on relationship-based trading, TEX multi-bank portal offers the most liquidity in OTC financial instruments.
The platform allows execution in all major product instruments in FX.
TEX® Multidealer Trading System is 360T´s global multi-bank portal connecting non-toxic non-anonymous flow with a rich and broad liquidity pool in multiple financial instruments. Banks, broker/dealers, corporate treasuries and institutional participants trade FX, Money Market, Interest Rate Derivatives and other OTC instruments over the platform with liquidity providers of their choice. TEX® supports trade execution in Request for Stream (RFS) and Executable-Streaming-Prices (ESP) mode and provides a real-time market data screen.
Trade execution in RFS supports and displays best bid/offer prices. Tradable prices are published in real time by a customer initiated selection of liquidity providers. The prices received from the bank counterparts are displayed in a ladder with the best price ranked at the top. The methodology ensures execution of the best price available across several providers at all times. RFS allows the selection of one or multiple liquidity providers by name, not limiting the number of providers per request. Furthermore, the RFS mode also secures pricing according to notional size, thereby ensuring full amount execution/filling, no matter the request size.
Products supported are:
- Foreign Exchange: Spot, Forward, Multiple Forwards, Swaps, Multi-Leg Swaps, Options, NDF´s, FX block trading, multiple-entity dealing and combination thereof
- Interest Rate Derivatives: Interest Rate Swaps, Cap/Floor
- Money Market: Deposit. Loan, incl. rollover, FRA, Money Market Funds: over 120 different AAA funds in US Dollar, Sterling and Euro.
360T´s order management tool is based on a scalable core technology and designed to help clients simplify their FX limit order processing.
The following order types are tradable via the platform:
- Take profit orders
- Stop orders
- Fixing orders
- Market orders
- Loop orders
- OCO orders
- “If-Done” orders
360T´s Supersonic TEX® is a relationship-based, non-anonymous trading solution which provides all the benefits of instantly executable streamed FX Spot prices from multiple sources. It gives clients the ability to monitor continuously any market movements, with a fully transparent depth of liquidity and ultimate speed of execution. Supersonic TEX® combines the functional benefits of trading on instantly executable streaming FX prices with the transparency of fully disclosed counterparty names on both sides.
Supersonic TEX® is a different concept compared to the multitude of anonymous stream aggregators and ECN´s, and as such, is rewarded by strong interest from banks to provide liquidity on a relationship basis.