360T has been selected by M&G Investments to provide streamlined workflow technology for order handling and execution, and, separately, has agreed a partnership with Crown Agents Bank (CAB), a global wholesale bank that specialises in emerging markets.
In a release issued today, 360T says that the key to the selection of its Execution Management System (EMS) workflow solution by M&G was its stated commitment to develop the service to meet the cost, regulatory and best execution requirements of M&G while “engaging in an ongoing virtuous cycle of functional and capability innovation”.
“360T has 18 years’ experience in working with institutional buy side clients to increase transparency, achieve best execution and ultimately reduce the cost of execution in the FX markets,” says 360T CEO, Carlo Kölzer. “A changing landscape of regulation is putting more and more pressure on buy side organisations to be compliant, and 360T has focused on delivering a highly compliant, policy supporting, transparent, efficient technology solution that empowers asset managers to deliver best outcomes to their investors. With our existing franchise and three years of additional investment in products and people, we believe 2018 will be a watershed year as this underserved section of the FX industry reacts to a transitional regulatory environment.”
Head of UK institutional sales, Andrew Priest, adds: “Our core belief is that our mandate is not just to connect our clients to liquidity sources, but also to achieve a better outcome ultimately for the asset owner, from the implementation of a rigorous policy driven execution process. This belief is not derived from theoretical opinions or analysis, but as a result of working with our clients to implement their goals. 360T has extensive experience in assisting clients create an entire workflow for their FX execution process, helping them to continually measure, validate and optimise their order handling and execution policy.”
Meanwhile, 360T has also partnered with CAB, whose central trading desk is used by international companies to link request and transaction flows with the aim of allowing users to directly reduce their operational costs and risks in all areas of the trading lifecycle, while enhancing compliance and transparency.
CAB says that automated pricing allows clients to save time managing their currency hedging and risk exposures, gaining access to competitive prices on both major traded and emerging market currencies.
“We can now offer a faster and more efficient service for all our customers who use 360T,” says David Bee, head of global markets at CAB. “And for potential customers looking for illiquid, hard-to-access currencies – from the Belize dollar and Ethiopian birr, to the Nepalese rupee, XAF, XOF and the Zambian kwacha – we can offer very competitive pricing. For all of our customers, we can now support that with great G10 pricing too!”
He adds: “We’re proud to add 360T to our growing digital offering and are confident that with such market-leading technology we can help our clients adapt to an ever-changing FX environment.”