18 January 2018
visit www.ebaday.com

Deutsche Bourse makes move on currency markets with 360T acquisition

27 July 2015  |  4086 views  |  0 deutsche boerse

Deutsche Bourse is wading into the $5.3 trillion a day currency markets with a EUR725 million acquisition of multi-bank FX trading platform 360T.

Launched in 2000, 360T caters to a broad customer base including corporates, buy-side firms, and banks, and has a record of double-digit annual revenue growth since inception.

The German exchange's move comes six months after Bats Global Markets shelled out $365 million on Hotspot FX, as the world's biggest trading venues detect weaknesses in scandal-wracked bank control of the global currency markets.

Deutsche Bourse says it plans to finance the acquisition via a combination of debt and equity, with the aim to minimise a potential impact on the credit rating.

Separately, Deutsche Bourse has entered into a binding agreement with SIX Group regarding the full acquisition of the joint ventures Stoxx AG and Indexium AG for a purchase price of CHF650 million.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche Börse-backed bond trading startup closes after 3 months

Deutsche Börse-backed bond trading startup closes after 3 months

23 July 2015  |  4262 views  |  0 comments | 3 tweets | 1 linkedin
Deutsche Bourse launches 'Open Innovation' forum

Deutsche Bourse launches 'Open Innovation' forum

01 July 2014  |  8977 views  |  0 comments | 13 tweets | 2 linkedin
Deutsche Bourse to build new clearing business in Singapore

Deutsche Bourse to build new clearing business in Singapore

20 February 2014  |  3815 views  |  0 comments | 2 linkedin
Deutsche Bourse acquires stake in fixed income platform Bondcube

Deutsche Bourse acquires stake in fixed income platform Bondcube

12 February 2014  |  5335 views  |  0 comments | 3 tweets | 4 linkedin
Deutsche Bourse IT reshuffle continues as Keller named CIO

Deutsche Bourse IT reshuffle continues as Keller named CIO

29 October 2013  |  5472 views  |  0 comments
Deutsche Börse CTO and Clearstream CIO Baguet quits

Deutsche Börse CTO and Clearstream CIO Baguet quits

11 October 2013  |  10112 views  |  0 comments | 1 tweets
Deutsche Bourse puts market data in the cloud

Deutsche Bourse puts market data in the cloud

30 September 2013  |  9410 views  |  0 comments | 6 tweets | 3 linkedin
Deutsche Börse connects with Liquidnet for block trading service

Deutsche Börse connects with Liquidnet for block trading service

18 July 2013  |  4299 views  |  0 comments
Deutsche Börse joins $20m funding round for cloud firm Zimory

Deutsche Börse joins $20m funding round for cloud firm Zimory

08 July 2013  |  6121 views  |  0 comments | 3 tweets
Deutsche Börse preps cloud computing exchange

Deutsche Börse preps cloud computing exchange

02 July 2013  |  7366 views  |  0 comments | 5 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10490 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10056 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9746 views comments | 17 tweets | 14 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9637 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9193 views comments | 17 tweets | 16 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job