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:
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.