360T, Deutsche Börse Group’s affiliated FX trading venue and provider of web-based trading technology for over-the-counter (OTC) instruments, has launched a new partnership with BELLIN, a group providing web-based treasury software and services, according to a 360T statement.
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In particular, 360T will work with BELLIN to offer a newly tailored solution that helps cater to both corporate treasuries and banks, thereby allowing for the automation, Exchange , and management of deal confirmations for their respective foreign exchange (FX) and money market deals via 360T’s existing TEX Trading Platform .
The TEX trading platform is 360T’s multi-bank portal that connects non-toxic, non-anonymous flow in multiple financial instruments. The platform itself is utilized by banks, broker dealers, corporate treasuries, and institutional participants trading a multitude of instruments including FX, money market, interest rate derivatives and other OTC instruments.
As such, a freshly integrated deal between the two venues will also foster client deliveries to all trades from 360T´s multibank platform to the confirmation system, also supporting the transmission of transaction data to bank. These messages will be sent through a consolidated SWIFT connection directly to and from the banks and are automatically processed in the system.
According to Alfred Schorno, Global Head of Sales, 360T Group, in a recent statement on the partnership: “This single point of access is highly beneficial for our clients to exchange confirmations in a secure and timely manner.”
“It often has become a challenge for corporate treasurers to match their trades with banks or subsidiaries within a narrow time frame due to EMIR and other regulatory requirements. The more important it is to extend the value chain for our clients, being a long-term solution partner who support their workflows and enables them to meet these and all future demands,” he added.
