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360T, a leading global FX trading platform and technology provider, and Quantitative Brokers (QB), a top provider of advanced execution algorithms, have announced a partnership to make QB's new FX algos available on 360T. Both firms are part of Deutsche Börse Group.
QB, recognised as the premier provider of independent algos in Futures, Treasuries and Options since 2008, has developed FX-optimised versions of its flagship "Bolt" and "Strobe" algorithms. Strobe FX improves schedule-based execution for TWAP and VWAP benchmarks, while Bolt FX minimises execution costs versus arrival price.
The new FX algos will be accessible via 360T's platform, allowing clients to use them across curated disclosed or anonymous liquidity pools for best execution.
360T CEO Americas Matt O'Hara said: "We are delighted to announce this partnership with QB and are confident that providing access to highly sophisticated FX algos from an independent specialist provider, as additional tools alongside the broad range of bank offered algos already available via 360T, will provide significant benefits to our diverse and global client base."
"This partnership also delivers on Deutsche Börse Group's strategic vision to bring together highly complementary technology solutions from independently operating providers within the organisation to create a truly differentiated offering and further accelerate growth, while also fully aligning with 360T's commitment to constant innovation in FX."
QB CEO David Kalita commented: "Quantitative Brokers is deeply committed to delivering enhanced value to our clients while expanding our reach to a broader spectrum of market participants. We are thrilled to bring our extensive expertise and proven track record in developing state-of-the-art execution algorithms to the FX market at a time when demand for such solutions is growing rapidly. Partnering with 360T—a world-class FX trading platform and a member of the Deutsche Börse Group—was a natural and strategic step in this journey."
"As an independent provider with a strong history of delivering high-performance execution tools and analytics, we are confident that QB's suite of innovative FX algos will empower market participants to optimise their trading strategies and achieve superior outcomes."
