Tag: 360T

360T

Wells to Head FX Swaps Strategy at 360T

Deutsche Börse’s 360T has appointed Gavin Wells as head of swaps strategy. Starting at the beginning of February, he will be based in London and report to Simon Jones, chief growth officer at 360T. Wells has previously run FX trading at Citigroup, led ForexClear at LCH and most recently was head of Europe at Digital Asset […]

360T Hires Two

360T has hired Joshua Bernstein and Rodolfo Ledesma, according to market sources. Profit & Loss understands that Bernstein started last week in the firm’s New York office as a sales manager and that Ledesma, who is based in Toronto, joined two weeks ago as a product specialist. Prior to joining 360T, Bernstein worked at Currenex […]

And Finally…

Welcome to 2020 and may I wish you all a healthy and prosperous new year – if we’re looking in purely market terms I suppose that means some volatility. There were a few things that caught my eye over the holiday period, all of which I will, hopefully, get to in the next week, but […]

Platforms Rebound from Bleak November

It is perhaps a measure of how quiet FX markets were in November that the early platforms to report volume data for December all saw an increase month-on-month in average daily volume (ADV). CboeFX transacted $29.9 billion per day during December, up 4.9% on November, however this was down 10.5% from December 2018. Cboe says […]

360T Goes Live with FX Swaps Platform

360T has launched a fully automated FX swaps limit orderbook with mid-rate matching capability, called 360TGTX MidMatch. It offers a fully visible limit orderbook that will allow market makers to stream curves out to two years, while the Swaps Data Feed that 360T has spent two years developing with 20 bank partners, will act as […]

360T Begins Offering Streaming NDFs

360T has announced the completion of the first trade in streaming NDFs. Launched via the 360TGTX platform, the new streaming service has been designed to complement 360T’s disclosed ‘Request for Stream’ offering and the firm says it is a response to market demand for an alternative hedging venue. It supports both disclosed and anonymous trading […]

Time to Embrace the Data Revolution

The winds of change have begun to blow in the world of FX swaps, and as a result it’s becoming increasingly apparent that knowledge — in the form of accurate market data — truly is power. Today, whether pricing or hedging FX swap trades, banks are still relying on market data feeds that are merely […]

Eurex Begins Clearing Cross Currency Swaps

Eurex Clearing has cleared its first cross currency swap transactions, with the trades being submitted by JP Morgan and Morgan Stanley. In a release issued today, Deutsche Börse Group says that cross currency swaps represent an “important component” of its overall FX strategy, which it is executing across Eurex, Eurex Clearing and 360T. Eurex Clearing’s […]

360T Hits New Volume Peak

Deutsche Boerse’s FX trading business 360T has reported its highest average daily volume to date, the exchange group saying the platform, which includes the GTX unit, handled EUR 95 billion per day in September. This represents a 14.5% increase from August and a very healthy 25.5% increase year-on-year. Earlier this month, other platforms that provide […]

Data: The New Cornerstone of FX Trading

Data is increasingly becoming the cornerstone of FX market participants’ business models, but what does this mean more broadly for the industry? This will be one of the key questions addressed on the panel session, “Learning to Thrive in Data Driven Markets” at the Profit & Loss Scandinavia conference taking place on October 10th in […]