Frankfurt – May 29, 2024 – 360T’s Swaps User Network (SUN) has been integrated with Lucera, an industry leading technology service provider, as part of a strategic move that will open the platform up to existing Lucera users.
Powered by an indicative streaming mid-rate from 360T’s award-winning Swaps Data Feed (SDF), sell-side firms use 360T SUN to conduct grey-book risk exchange at mid-market and significantly streamline their FX Swaps trading operations. The platform also allows both GUI and API users to post resting bid and offer orders, using a choice of different automated credit models that remove the risk and latency of soft matching.
360T SUN’s integration with Lucera marks the latest step in the continuing adoption of the platform by major sell-side firms. Lucera’s API creates new workflow opportunities for banks – rather than distributing their trading volume across pricing venues through multiple connections, they can now have a single connection through Lucera, which takes care of the distribution for them as a one-to-all solution.
“The middleware connectivity between banks and 360T SUN through Lucera’s API further enhances the value which the platform delivers to our global client base,” said Robin Nicholas, Head of Swap Product at 360T. “This connection focuses on the electronic placement and management of orders in 360T SUN, paving the path to full automation, from pricing generation through to trade execution.”
“We are very excited to have integrated with 360T SUN, a genuinely one-of-a-kind FX Swaps network. Enabling any of our clients to automate their swaps workflow through direct order placement on SUN, this new integration adds unique functionality and value to the extensive Lucera ecosystem.” adds Peter Durkan, CEO at Lucera.
In recent years 360T SUN has won numerous industry accolades and awards. In 2023 it was named as the Best Sell-Side OTC Trading Initiative for the second consecutive year by WatersTechnology, and it was also a major reason why 360T won the Best Trading Platform for Forwards/Swaps Award at the FX Markets Asia Awards 2024.
About Lucera
Lucera is an industry leading technology service provider delivering performant, secure and scalable solutions designed to power demanding financial applications. Its infrastructure is supported by a global software-defined network co-located in data centres in New York, Chicago, Frankfurt, Singapore, and Tokyo. Their clients include Tier 1 banks, boutique financial institutions and high-frequency trading shops, and are given unprecedented control and flexibility to reduce time-to-market, lower total cost of ownership, reduce operational risk, and ensure redundancy. Lucera is a privately held, New York based firm launched with initial backing from Cantor Fitzgerald, a leading global financial services firm and active Lucera customer.
Further information: www.lucera.com
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 2,600 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 London (360 Trading Networks UK Limited), 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