Best market data provider – 360T

Strategic investment secures 360T the Best market data provider award

360T’s strategic investment in its market data suite sets it apart from its competitors, making it 2021’s clear winner of the Best market data provider award. 360T was singled out by this year’s judges for its swaps data feed (SDF), developed in partnership with Digitec, a specialist provider of FX swaps technology and data. The feed is directly connected to the pricing engines of over 20 top FX banks to create, for the first time, a live, reliable picture of where the FX swaps market is trading. 

This innovation from 360T addresses the longstanding issue of sourcing accurate market data for FX swaps. By utilising the SDF, 360T’s clients in Asia can be more confident when they execute and, in combination with the 360T execution management system, can achieve auto-execution of FX swaps using the SDF midpoint to provide certainty when transacting, even on the most volatile trading days. 

Andrew Jones, managing director of 360T for Asia-Pacific (Apac), says: “We’re delighted to have been named as the best market data provider in the Apac region. The importance and value of having access to accurate, high-quality data across different FX instrument types has never been more apparent than it is today, and that is why 360T made a strategic investment in its market data suite. 

“This award validates that strategy and demonstrates that FX market participants in Apac recognise the unique benefits of our class-leading data products.”

Since its launch, 360T has more than tripled to 21 the number of firms contributing to its SDF and extended the tenors available from two years out to five, substantially broadening the offering. It now offers full granularity across the curve from overnight out to five years in more than 40 currency pairs, providing swaps market data in 1,800 crosses in Group of 10, local market and non-deliverable forward currency pairs. 

360T has also increased the frequency of updates on its essential data feed, which offers streaming spot FX market data, to one update per millisecond and launched its flow data feed, which provides an aggregated daily representation of all FX spot and forward flows traded across the entire 360T franchise. The historical data feed, offering scrubbed and verified historical data, allows users to deepen their insight into the FX marketplace and effectively backtest algos and other in-house apps. 

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