360T OSC Exemption

Deutsche Börse’s 360T Platform Granted OSC Exemption!

Deutsche Börse Group’s forex platform, 360T, has successfully obtained an interim exemption from the Ontario Securities Commission (OSC) for its newly established UK-based Multilateral Trading Facility (MTF). This development is significant as it enables Canadian participants in the foreign exchange (FX) market to access the platform when it launches on January 2.

The exemption covers a range of instruments, including FX Forwards, Swaps, Options, Non-Deliverable Forwards (NDFs), and Non-Deliverable Swaps (NDSs). This strategic move follows the previous exemption orders granted to 360T’s Swaps Execution Facility (SEF) and European MTF by the OSC, facilitating their operational presence in Canada.

Also, by securing an exemption for the UK MTF, Deutsche Börse Group circumvents the need for recognition as a “Canadian exchange” under the Ontario Securities Act. This exemption opens the door for Canadian traders to access a wider array of FX trading services provided by the German-based broker.

Deutsche Börse’s 360T Platform Granted OSC Exemption, Enhances Canadian Forex Access

Deutsche Börse Group, a multi-asset broker, caters to a diverse clientele, including institutional investors, corporate treasuries, banks, and brokers. Its comprehensive offerings include an Execution Management System (EMS), SuperSonic Trader, and various services related to algorithmic trading, market data, and analytics. With a global network spanning over 75 countries and serving more than 2,400 buy-side firms, the broker has solidified its position as a key player in the international forex landscape.

In another recent development, Deutsche Börse Group announced a collaboration with Virtu Financial, a leading financial technology firm. The platform integrated Virtu’s advanced trading analytics and Transaction Cost Analysis (TCA) into its infrastructure, providing users with enhanced capabilities to monitor and optimize their FX trading strategies. This strategic partnership underscores Deutsche Börse Group’s commitment to innovation and expanding its global forex presence through cutting-edge trading solutions.

As the broker navigates the dynamic landscape of institutional-level trading businesses, its commitment to excellence and cutting-edge solutions remains a driving force in shaping the future of the forex industry.

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