Multibank platform providers need to broaden the range of
liquidity options that they offer clients in order to thrive in the diverse FX
market ecosystem, said panelists at Profit & Loss' Forex Network New York conference.
There has been much discussion ...
360T has appointed
Minna Sousa as its new head of sales, Nordic.
Sousa will be based in
Stockholm and report into Alfred Schorno, global head of sales at 360T Group.
She and her team will
be tasked with client acquisition ...
Douglas Nevistich has joined 360T as a senior product
manager in the firm’s New York office.
As part of this role, Nevistich will be tasked with driving
360T’s product and innovation roadmap for the firm’s new OTC
Deutsche Borse’s FX trading platform 360T has launched a fully integrated trade confirmation solution in partnership with Bellin, a provider of Web-based treasury software and services.
The solution enables corporate treasuries and banks to automate the exchange and management of deal confirmations for their FX and money market deals via 360T’s Tex trading platform.
An integrated deal export client delivers all trades from 360T´s multibank platform to the confirmation system, in which clients can enter and transmit transaction data to their bank and receive the corresponding bank-side confirmations.
Carlo Koelzer, CEO of 360T Group and global head of FX at Deutsche Börse Group, talks to Galen Stops about the importance of building critical mass amidst the changing landscape of the FX market.
Galen Stops: It’s now about one year on from Deutsche Börse’s acquisition of 360T. Can you shed some light about why you agreed to the deal?
Carlo Koelzer: Prior to this deal we were a big trading platform in the market, but a small organisation in comparison to our competitors. When you look at the larger platforms in the market they’re backed by firms like Icap, Thomson Reuters, Bloomberg and State Street, all of whom had larger balance sheets than us.
Carlo Koelzer CEO of 360T and global head of FX at Deutsche Börse Group, talks to Galen Stops, deputy editor at Profit & Loss, about his plans for building a central limit order book and why central clearing is now a viable method for alleviating credit risk in FX.
Following its acquisition by Deutsche Börse Group last year, 360T informed its clients that it planned to add a central limit order book (CLOB) and futures trading functionality to its platform.