360T
Group’s new UK-based Multilateral Trading Facility (MTF) has received a
regulatory interim exemption from the Ontario Securities Commission (OSC). This
exemption ensures that Canadian FX market participants can seamlessly engage in
trading activities on the platform, scheduled to launch on January 2.
The
360T Swaps Execution Facility has been operating in Canada under an exemption
order granted by the OSC since June 2016. Additionally, 360T’s European MTF has
been serving the Canadian market under an exemption order since June 2019. The
recent OSC interim exemption further solidifies the platform’s position,
enabling Canadian participants to trade a variety of instruments, including FX
Forwards, Swaps, Options, Non-Deliverable Forwards, and Non-Deliverable Swaps
via the 360T UK MTF.
360T stands as one of the
globally trading platforms for Foreign Exchange (FX), serving as Deutsche Börse
Group’s powerhouse for FX. Since its inception in 2000, 360T has consistently
provided a web-based trading technology for over-the-counter instruments,
integration solutions, and related services. The company has developed and
maintained a state-of-the-art multi-bank portal for foreign exchange, cash, and
money market products, as well as FX/interest rate derivatives.
With
a client base comprising over 2,400 buy-side customers and a network of more
than 200 liquidity providers across 75 different countries, 360T is positioned
to connect the global FX industry.
360T’s SUN Emerges as Sole
Mid-Price Streaming Hub
Earlier,
Finance Magnates reported that 360T
introduced mid-liquidity streaming through APIs on its Swap User Network
(SUN), with Deutsche Bank and ING executing the inaugural trade. This move is a
significant development in the FX Swaps market, with 360T SUN being the
exclusive platform offering continuous mid-price streaming for FX Swap
instruments.
The
innovation addresses the growing client demand for FX Swaps access. Shuo Wu,
Global Head of Forward e-trading at Deutsche Bank, highlighted the advancement
as a pivotal phase in FX swaps trading, enabling risk offset at the mid-market
level. 360T anticipates this milestone to revolutionize FX Swaps trading,
facilitating auto-hedging, aggregation, and algorithmic execution, empowering
banks to enhance their capabilities and foster growth in the market.
360T
Group’s new UK-based Multilateral Trading Facility (MTF) has received a
regulatory interim exemption from the Ontario Securities Commission (OSC). This
exemption ensures that Canadian FX market participants can seamlessly engage in
trading activities on the platform, scheduled to launch on January 2.
The
360T Swaps Execution Facility has been operating in Canada under an exemption
order granted by the OSC since June 2016. Additionally, 360T’s European MTF has
been serving the Canadian market under an exemption order since June 2019. The
recent OSC interim exemption further solidifies the platform’s position,
enabling Canadian participants to trade a variety of instruments, including FX
Forwards, Swaps, Options, Non-Deliverable Forwards, and Non-Deliverable Swaps
via the 360T UK MTF.
360T stands as one of the
globally trading platforms for Foreign Exchange (FX), serving as Deutsche Börse
Group’s powerhouse for FX. Since its inception in 2000, 360T has consistently
provided a web-based trading technology for over-the-counter instruments,
integration solutions, and related services. The company has developed and
maintained a state-of-the-art multi-bank portal for foreign exchange, cash, and
money market products, as well as FX/interest rate derivatives.
With
a client base comprising over 2,400 buy-side customers and a network of more
than 200 liquidity providers across 75 different countries, 360T is positioned
to connect the global FX industry.
360T’s SUN Emerges as Sole
Mid-Price Streaming Hub
Earlier,
Finance Magnates reported that 360T
introduced mid-liquidity streaming through APIs on its Swap User Network
(SUN), with Deutsche Bank and ING executing the inaugural trade. This move is a
significant development in the FX Swaps market, with 360T SUN being the
exclusive platform offering continuous mid-price streaming for FX Swap
instruments.
The
innovation addresses the growing client demand for FX Swaps access. Shuo Wu,
Global Head of Forward e-trading at Deutsche Bank, highlighted the advancement
as a pivotal phase in FX swaps trading, enabling risk offset at the mid-market
level. 360T anticipates this milestone to revolutionize FX Swaps trading,
facilitating auto-hedging, aggregation, and algorithmic execution, empowering
banks to enhance their capabilities and foster growth in the market.
