Deutsche Borse Expanding Data Coverage to FX Spot, Swap Markets - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

360T

Deutsche Borse Expanding Data Coverage to FX Spot, Swap Markets

September 11, 2018

Deutsche Börse Group360T, Deutsche Borse’s market data service and group’s FX unit have announced the expansion of dedicated data product for FX spot and swap markets. The new data display is being developed in cooperation with DIGITEC, a Germany-based company which will help market participants to seek instant access to certain macroeconomic events as a basis of their trading decision. 

The new product display delivers relevant market moving macroeconomic data at millisecond speeds. The data content includes the central bank’s meeting update, yearly, quarterly and month-end turn dates as well as IMM settlements and the corresponding spot market mid-prices. This will enable clients to manage their exposures across both markets more effectively. 

The product is an extension of German exchange’s market data offering to the foreign exchange market and synergies between the group and its FX unit. By applying the capabilities of their respective businesses, it caters to both buy and sell side clients which are demanding more connectivity to access market data from liquidity venues around the world. Timely access to market data is key to the successful execution of trading and risk management. 

Commenting on this, Simon Bajec, Deputy Head of EMEA Sales at 360T, said:

DIGITEC, a Germany-based company“In the day-to-day servicing of our customers, we have uncovered a gap in the market and identified a need for an independent, reliable and cost-effective source of FX market data. With DIGITEC we have just the right partner to satisfy this demand and we integrated the D3-360T data sources seamlessly into our systems. This new service helps customers with risk management, rate reasonability and best execution of FX swaps, NDF and forward trades.”

Earlier during the year, Deutsche Borse AG acquired GAIN Capital’s institutional business GTX for $100 million and rebranded it as 360TGTX. The deal created the largest OTC FX marketplaces for institutional traders and also enhances 360T’s presence in the American market. It serves over 2000 global clients spread across 75 countries around the world. 

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