Frankfurt – July 17, 2024 – 360T has won in two categories at the FX Markets 2024 e-FX awards, “Best Venue for Forwards/Swaps” and “Best Market Data Provider”.
These latest wins highlight 360T’s innovative approach to Forwards and Swaps trading, notably with its Swaps User Network (SUN). As the first platform facilitating FX Swaps trading via API with midpoint matching, 360T SUN is fundamentally transforming how sell-side firms trade FX Swaps, delivering enhanced efficiencies and significant cost savings.
The midpoint stems from the Swaps Data Feed (SDF), a uniquely constructed product which is directly integrated with the pricing engines of over 20 top FX banks. Because it is able to provide a highly granular view of the marketplace, the SDF has become an industry-leading data feed for conducting price discovery and benchmarking execution.
This feed is also an important component of 360T’s award-winning Execution Management System (EMS), enabling buy-side firms to automate Forwards and Swaps trading whilst still ensuring best execution. By using the SDF as a tolerance check to ensure optimal pricing, even while auto-executing trades, buy-side firms are able to improve productivity, streamline workflows and reduce operational risks across the desk.
The proven use cases for this data feed are also a key reason why 360T received the Best Market Data Provider award. Along with the SDF, 360T’s holistic market data offering also includes the Essential Data Feed (EDF), the Flows Data Feed (FDF), the Historical Data Feed (HDF) and the Precious Metals Data Feed (PMF).
The SDF and PMF were both developed in partnership with DIGITEC.
The winners of the e-FX Awards, which are now in their 22nd year, are determined by a panel of expert judges from across the FX industry, in addition to the FX Market’s editorial team. The awards aim to recognise the dedication, skill, and creativity that market participants bring to the ever-evolving world of electronic FX trading.
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 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