360T, Deutsche Börse’s FX unit and global provider of a multi-bank, multi-asset trading platform, has announced the launch of 360TGTX MidMatch, a fully automated FX Swaps limit orderbook with mid-rate matching capability. A fully visible limit orderbook 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 mid-reference for grey-book risk exchange.
“This is a paradigm shift for the FX Swaps market. Capabilities that have been available within the Spot market and across other asset classes for many years will now be accessible in one of the most important and biggest markets in the world. We built this with both the trader and the auto-hedger in mind, allowing Market Takers to become Market Makers and greatly improving price discovery,” said Simon Jones, Chief Growth Officer at 360T.