360T to offer commercial paper trading
360T, provider of the first multiproduct eTrading platform for FX, MM and IRDs, has announced the final testing of its new commercial paper transaction module.
360T, provider of the first multiproduct eTrading platform for FX, MM and IRDs, has announced the final testing of its new commercial paper transaction module. The new functionality, extending 360Ts current money market trading of Loan/Deposit, FRA and EONIA, has been developed on demand and in collaboration with the fast-growing customer base.<br><br>Corporate treasurers will be able to issue commercial paper via the Internet, reaching a broad range of institutional investors at a high level of process efficiency and substantial cost reduction. The new functionality will be embedded in TEX Multidealer Trading System, 360Ts web-based multibank platform, offering a range of innovative and unique technological features.
360T is delighted to have proved once more its very short production cycles, leveraged by the outstanding flexibility of its self-developed technology, comments Mathew Kuppe, CTO of 360T. A representative selection of corporate debt issuers and institutional money market investors will be testing the functionality thoroughly until its launch in Q3 2002.