360T sells to Deutsche Börse for over €700 million
As exchanges continue the push into FX trading
Corporate FX platform 360 Trading Networks has been snapped up by German exchange operator Deutsche Börse for €725 million, the company confirmed yesterday, as exchanges continue to push into foreign exchange.
360 Trading Networks has a large corporate client base with a strong foothold in FX forwards trading, a portion of which could be standardised further, providing opportunities for the exchange operator, which also owns Eurex.
"360T is a leading global FX trading platform, catering to a
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