360T, a best-in-class global Foreign Exchange (FX) trading platform and technology provider, and Quantitative Brokers (QB), a leading provider of advanced execution algorithms and data-driven analytics, have announced a partnership that will make QB’s newly launched suite of FX algos available via 360T.
Both 360T and QB are part of the Deutsche Börse Group.
Since QB was launched in 2008, the firm has become widely recognised as the market-leading provider of independent algos and analytics in the Futures, US Cash Treasury and Options markets due to a combination of its specialist engineering expertise, deep understanding of market microstructure and research-focused culture.
In response to client demand, QB and 360T have partnered to bring QB's proven execution expertise to the Spot FX market. This expansion introduces FX-optimised versions of its flagship algorithms, “Bolt” and “Strobe”, designed specifically to account for the unique market structure and liquidity dynamics of FX trading. Strobe FX enhances schedule-based execution for TWAP and VWAP benchmarks, while Bolt FX is an implementation shortfall algorithm built to minimise execution costs relative to arrival price.
These FX capabilities are now available via 360T’s platform, enabling users to deploy them across highly curated disclosed or anonymous liquidity pools, putting multiple counterparties in competition to help ensure best execution.
“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,” said Matt O’Hara, CEO of 360T Americas.
He added: “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.”
"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," said David Kalita, CEO of QB.
He added: "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."