360T is a leading Web-Based Trading Technology for the Over The Counter (OTC) Financial Instruments Market for Foreign Exchange (FX), Money Markets, and Interest Rate Derivatives. In addition to being an independent company, 360T is also part of Deutsche Börse Group; therefore, it has the ability to provide Multi-Bank Platforms, Integration Solutions, and Services throughout the trading process for its Global Clients. 360T is headquartered in Frankfurt, Germany and provides trading solutions to more than 3000 buy side organizations in over 75 countries.
360T was established as a Web-Based Trading Technology Provider for OTC Instruments in Frankfurt, Germany.
360T celebrated 15 Years and was acquired by Deutsche Börse Group for €725 Million with 1500+ Clients in over 75 Countries.
360T marked 25 Years as Leading Global FX Technology Provider and Deutsche Börse's Global FX Unit.
Global multi-region with offices in Europe, USA, Asia-Pacific, India, Middle East
Electronic trading platform focused on low-latency execution and deep liquidity aggregation rather than AI/ML capabilities
Technology stack from RocketReach analysis; core competency is institutional trading connectivity
| Service | Cost | Details | Source |
|---|---|---|---|
| 360T SUN Limit Order Book | € per €MM traded (pro rata) | One pricing plan. Zero brokerage for electronic API orders placed continuously for min 6 hours/day matching with similar members. | 360T SUN Rate Card PDF |
| 360T MTF - Forwards | €10 per €MM, €3 min fee | Maker side | 360T MTF Schedule of Fees |
| 360T MTF - Non-Deliverable Forwards | €8 per €MM, €3 min fee | Maker side | 360T MTF Schedule of Fees |
| 360T MTF - Options | €5 per €MM, €3 min fee | Maker side | 360T MTF Schedule of Fees |
| 360T MTF - Deliverable & Non-Deliverable Swaps | €0.15 per €MM per day (capped at €4.50 per €MM per day) | Volume discounts: 20% for €200-400MM, 40% for €400-600MM, etc. | 360T MTF Schedule of Fees |
| 360TGTX M|M Limit Order Book | € per €MM traded (pro rata) | Tiered by tenor and liquidity (e.g., Tier 1 €0-€1bn). Ultra liquid pairs like USD/JPY included. | 360TGTX MM Schedule |
| Feature | 360T | FXall | 360T Matching | Bloomberg FXGO |
|---|---|---|---|---|
| Core Functionality | FX Spot, Forwards, Swaps, NDFs, Options | FX Spot, Forwards, Swaps, NDFs | FX Matching | FX Spot, Forwards, Options |
| 24/7 API Pricing | Yes (SUN FX Swaps) | Partial | No | Partial |
| Low Latency ECN | Yes (360TGTX NY4/LD4/TY3) | Yes | No | Yes |
| Streaming NDFs | Yes (USD/INR, KRW, TWD, BRL) | Yes | No | Partial |
| Credit Models | Multiple automated (GUI/API) | Standard | Basic | Advanced |
| Starting Price | €5-10 per €MM | Custom | Custom | Custom |
| Free Tier | No | No | No | No |
| API Access | Yes (FIX API) | Yes | Yes | Yes |
| Integration Count | High (CCP, PB, PoPs) | High | Medium | High |
| Support Options | Institutional | Institutional | Institutional | Institutional |
| Security Certifications | Regulatory compliant (MTF) | Regulatory compliant | Regulatory compliant | Regulatory compliant |
360T is a superior 24/7 API pricing provider for FX Swaps using SUN and a low-latency ECN access using 360TGTX. While FXAll has a broader multi-asset offering, there is less focus on anonymous ECN trading. 360T is a targeted solution at electronic forwards/swaps specialists.
360T has a lead in API-driven swap pricing, and FXAll has an advantage in comprehensive FX workflow.
Bloomberg has greater market share and analytics integration, but 360T has a more flexible credit mitigation option via multiple CCP/PB models as well as streaming NDFs. Pricing is based on volume per €MM on 360T versus a subscription model.
Use 360T for pure execution efficiency and Bloomberg for the complete trading ecosystem.
360TGTX ECN provides deeper liquidity (162 pairs) and SOR vs basic matching, with around the clock access. Matching is suitable for RFQ-style requests and GTx is for continuous order book trading.
Use GTX/SUN for high-frequency /API and use Matching for relationship-driven trades.
Both are ECN-focused however 360T has more robust APAC coverage (USD/CNH) as well as more innovative swap-specific products. TrueEx focuses on US Rates, while 360T is more global FX.
Use 360T for FX swaps / NDFs, and TrueEx for USD-centric execution.
360T is a multi-bank, multi-asset trading platform for FX, swaps, NDFs, and money markets which is part of Deutsche Börse Group. The platform allows over 3000 buy-side customers to be connected with 200+ liquidity providers across 75 countries for transparent executions.
360T offers fast EMS integration with TMS (e.g., SAP S/4HANA) using the XML Order API. This supports a smooth flow of FX workflows between platforms, including automatic translation and counterparty permissioning.
Supports spot, swaps, options, NDFs and Crypto NDFs through 360TGTX ECN, 360T SUN swaps order book and streaming service. Includes OTC RFQ, RFS, executable streams, CLBs etc.
Yes, as a modern trading dashboard it provides multi-bank liquidity access and workflow automation. It can be customized for one or more legal entities with full end to end connectivity.
The Essential Data Feed (EDF) provides spot data while the Swap Data Feed (SDF) provides swaps data that is sourced from tier 1 banks. Streaming mids and spreads are provided for over 40 currency pairs.
Quotes are ranked using sophisticated factor models that take into consideration both price, volatility, and spreads. Transaction cost analysis is also available through integration with other analytics providers such as Virtu Financial.
A complete solution for the buy/side and sell/side for trading workflows and liquidity pool, it also has an innovation around mixed givens and liquidity from non-banks options. Award-winning EMS with a regulatory resilient architecture.
Yes, it supports G10 and emerging markets and provides detailed pricing for broken date trades. Additionally, it supports CNH/CNY translations and multi-timezone execution.
360T is the leading FX execution management system for providing multi-bank liquidity aggregation, workflow automation, and data feeds for institutional traders. As part of Deutsche Börse Group, it offers robust and innovative solutions for FX and derivatives trading with demonstrated scalability.
360T is best suited for professional institutions requiring top tier FX EMS with unparalleled liquidity depth and workflow efficiency.
360T is an established FX Execution Management System (EMS) owned by the Deutsche Börse Group. 360T has over 3000 + buy-side clients using it to connect with over 200 + liquidity providers. The major strengths of 360T are its ability to offer deep multi-bank liquidity, along with advanced data feed capabilities including EDF/SDF, TMS integration, and also the development of innovative products such as cryptocurrency NDFs and options liquidity. Also recognized as the world's best FX EMS by Euromoney.
Good - detailed insights from official site, product PDFs, Euromoney awards, and Deutsche Börse pages. Limited public info on pricing and consumer support details.
360T was named the world's best FX Execution Management System by Euromoney FX Awards for innovation in analytics, options liquidity, and data feeds.
360T has partnered with Virtu Financial to provide enhanced FX analytics functionality and currently supports 30 + banks as well as TMS systems such as SAP S/4HANA. Additionally, 360T works closely with exchanges such as Eurex and HKEX.
360T provides trading services in over 75 countries across both G10 and Emerging Market currency pairs and offers interbank, institutional, and corporate trading capabilities on either a disclosed or undisclosed basis.
360T recently launched 3DX Digital Exchange which enables the use of cryptocurrency NDFs. In addition to launching 3DX Digital Exchange, 360T introduced a "Mixed Givens" workflow, a Spread Factor in EDF, and Forward Risk Netting Pre-Fixing.
360T is part of the Deutsche Börse Group, which provides regulatory stability and a global network of infrastructure. The primary focus of 360T is constant innovation to accommodate changes in the FX market.
Live FX Rate Data Feeds via Essential Data Feed (EDF). Provides sophisticated factor-based models that rank quotes by price, volatility and spread, supports quote data for 162 Major Emerging Market and Exotic Currency Pairs.
Automates Order Routing and Intelligent Routing Across Multiple Liquidity Providers to Optimize Pricing and Market Impact for Execution.
Supports International Transaction FX Liquidity for Spot FX, Forwards, NDFs, Options Across Multiple Currency Pairs.
Provides Counterparty Based Pricing Models with Configurable Spread Factors Introduced in January 2024, which allow for tighter Mid-Market Pricing when using Aggregated Quotes.
Not Explicitly Mentioned in Available Documentation for 360T Current Offerings.
Allows Users to Trade on Deep-Liquidity and Competitive Pricing Basis for Over 162 Major and Emerging Market Currency Pairs in a Direct Spot Trading Environment.
Offers Forward Risk Netting of Orders Together with Competitive Bidding of Forward Risk Prior to Fixing Time to Ensure Best Execution on All-In Rates.
Offers Streaming NDFs in USD/INR, USD/KRW, USD/TWD and USD/BRL with Multiple Credit Models and Extensive Existing Market Relationships.
Provides Electronic Access to FX Options Through Innovative Credit Solutions; Allocations to Different Funds for Asset Managers are Supported, Addressing Previous Barriers.
A Regulated and Transparent FX Futures Solution Providing Capital-Efficient Hedging with Flexibility of OTC Markets Blended with Advantages of Listed Futures.
An Integrated EMS for Corporate Treasurers Enabling a Streamlined FX Workflow from TMS to Execution With Complete Cockpit-Type Visibility and Control of All FX Activity.
Using a mix of given data to determine optimal funds allocations as part of a portfolio focused fx options strategy using automated pricing
FX Derivative Trading Platform with swaps execution and professional market maker capabilities on an SEF or MTF
Emerging Market FX NDF trading with restricted currencies (USD/INR, USD/KRW, USD/TWD, USD/BRL) that support international business in emerging markets
360T’s 3DX digital exchange provides EMS for crypto ndf trading, which allows for workflow efficiency and automation
Multi dealer platform that supports both anonymous and disclosed trading models utilizing request for stream (rfs) for professional institutional clients.
