Robin Nicholas

360T SUN extends API pricing to Asia Open

November 2023 in News Headlines

360T’s Swaps User Network (SUN) has become the first platform to offer round the clock API pricing for FX Swaps, with Commerzbank now providing prices for G3 currencies and USD/CNH from the APAC market opening. These developments are indicative of the growing interest from regional currency experts in providing pricing on 360T SUN due to the improved price transparency and credit automation it offers. Leveraging an indicative streaming mid-rate that comes from 360T’s award-winning Swap Data Feed (SDF), developed in partnership with DIGITEC, the platform provides grey-book risk exchange at mid-market. 360T SUN also allows both GUI and API users to post resting bids and offers, using a choice of different automated credit models that remove the risk and latency of soft-matching. In addition, China Construction Bank (CCB), London Branch is also now providing liquidity in USD/CNH during the London trading hours in standard tenors out to 1 year. “Extending the API pricing on 360T SUN to provide continual interests across all market hours further enhances the value which the platform delivers to our global client base. Adding pricing for USD/CNH, meanwhile, is a strategic decision made on the basis of growing demand for Swap liquidity in this currency pair,” said Robin Nicholas, Head of Swap Product at 360T.