360T launches streaming NDFs

360T, Deutsche Börse’s FX unit and global provider of a multi-bank, multi-asset trading platform, has announced the completion of its first trade in Streaming Non-Deliverable Forwards (NDFs).

December, 2019

 Simon Jones, Chief Growth Officer at 360T
Simon Jones, Chief Growth Officer at 360T

360T, Deutsche Börse’s FX unit and global provider of a multi-bank, multi-asset trading platform, has announced the completion of its first trade in Streaming Non-Deliverable Forwards (NDFs). 360TGTX Streaming NDFs has been designed to complement 360T’s disclosed ‘Request for Stream’ offering and is a response to market demand for an alternative hedging venue. The new venture supports both disclosed and anonymous trading and is initially available to those firms executing off-SEF, with an on-SEF version anticipated in Q1 next year. “It is clear from the latest surveys and client feedback that the NDF market has evolved significantly over the last few years. Streaming NDFs in the ECN space is a logical evolution and we believe there is space for a faster, more flexible offering. Couple the GTX technology with the 360T franchise and we have a truly differentiated client and inter-dealer offering”, said Simon Jones, Chief Growth Officer at 360T.