360T Expands Trading Options With New FX Algorithms

Foreign exchange trading platform 360T has included Quantitative Brokers’ (QB) FX algorithms in its forex trading system. These tools help top investors trade currencies more efficiently. Both companies are part of the Deutsche Börse Group.

360T and QB worked together because clients wanted more advanced trading options. This partnership brings new FX-optimized versions of QB’s famous trading tools, “Bolt FX” and “Strobe FX.” These tools help traders manage price changes and market conditions better.

The New FX Algorithms Help Traders Reduce Costs

Strobe FX helps traders follow price patterns by using benchmarks like TWAP and VWAP. “Bolt FX” is designed to reduce trading costs by finding the best prices. These tools allow traders to handle currency trades more smoothly.

Matt O’Hara, CEO of 360T Americas, said the company is happy to work with QB. He noted that giving traders access to these new FX tools will bring much benefits. He also added that 360T already offers many FX tools from banks, and these new ones add more choices for traders.

Market traders can now use these algorithms on 360T’s platform. They can trade using open or hidden trading pools, letting different companies compete for better prices.

QB Has Expanded From Futures To The FX Market

QB was founded in 2008 and first focused on futures, U.S. Treasury, and options markets. The company decided to bring its technology to the FX market because of growing demand from clients.

David Kalita, CEO of QB, said the company wants to provide better trading options to its clients. He noted that QB has a strong history of making advanced trading tools and is excited to offer these solutions for FX trading.

The recent trading report from finance Magnates display that 360T got more business activities at the beginning of the year. The gross trading volume of the platform increase by nearly $100 billion, approaching about $760.8 billion.

This made the average daily volume to amount to $33 billion, which happened to be the highest in about 4 months now. At the moment Euronext FX’s had a little decline in trading activities, it’s total margin dropped from $613 billion to $609.9 billion, making its daily trading average to be $27.7 billion. Anyway, this figure was still higher than that of last year’s daily average, which was about $25 billion.

Besides trading, 360T recently announced a partnership with Team Malizia, a sailing team led by Boris Herrmann. The team is preparing for the 2024–2025 Vendée Globe, a solo sailing race around the world.