BST Awards 2025: Best buy-side execution venue—360T

Overview

360T is a global FX trading venue connecting more than 2,900 buy-side firms from 75 countries with over 260 liquidity providers across spot, forwards, non-deliverable forwards (NDFs), swaps, options, and listed FX. It addresses client challenges around fragmented liquidity, execution inefficiency and compliance with best execution mandates by providing a single platform offering multiple execution methods, automation and data-driven tools.

The solution  

360T unifies access to diverse liquidity and execution methods in a single venue, reducing fragmentation and operational risk. Advanced automation tools optimize order routing, netting and staging, while proprietary market data ensures price transparency and quality. Embedded analytics and liquidity management services support regulatory compliance and improve outcomes for buy-side firms. By combining flexibility, automation and transparency, 360T enables clients to execute trades efficiently, achieve best execution, and focus resources on higher-value tasks.

Secret sauce  

360T is a multi-asset, multi-channel FX trading venue supporting over-the-counter (OTC), listed and crypto trading in one ecosystem. Its execution management system (EMS) integrates proprietary market data, advanced automation and liquidity optimization into customizable workflows. With regulated venues—multilateral trading facilities (MTFs) and swap execution facilities (SEFs)—over 100 algos from more than 20 providers and iterative innovation through three annual releases, 360T combines breadth, depth and adaptability, providing its clientele with execution choice and transparency.

Recent milestones

360T recently:

• Expanded its asset coverage with FX futures, exchange for physicals (EFPs) and base metals, meeting clients’ demands for multi-asset execution
• Integrated Quantitative Brokers’ algos and enhanced its FX-as-a-service, boosting execution flexibility
• Added advanced streaming swaps, MTF-native algos and client-facing analytics to deliver greater transparency, automation and data-driven execution

Future objectives

360T plans to:

• Build on the recent launch of 3DX, 360T’s crypto asset trading venue, and continue to play a leading role in the institutional crypto spot offering market
• Deepen its Deutsche Börse Group partnerships―with SimCorp, Eurex and DB Market Data―to expand access to OTC, listed and digital assets within a unified ecosystem
• Extend its EMS and GTX adoption in Asia-Pacific and emerging markets with tailored solutions for regional institutional needs

Why they won

A perennial challenge for even the largest and best resourced buy-side firms centers on identifying and accessing high-quality liquidity and then executing trades accurately and efficiently based on that liquidity. That might sound relatively straightforward to accomplish but speak to any front-office veteran on the buy side and you’re likely to hear just how challenging it is to achieve. 

360T wins this category on the back of its multi-asset FX trading ecosystem that combines depth, flexibility and transparency. Connecting more than 2,900 buy-side firms with over 260 liquidity providers, 360T sets the benchmark for efficient, data-driven FX execution. The 360T platform consolidates OTC, listed and crypto trading and by so doing, addresses critical fragmentation issues, while simultaneously optimizing order routing and liquidity access. 

Through advanced automation, proprietary market data and extensive analytics, 360T helps clients comply with their best execution and regulatory mandates, while recent innovations—including expanded asset coverage, integrated algorithmic trading support via Quantitative Brokers, and enhanced streaming swaps—underscore the firm’s commitment to continuous improvement.

360T is no stranger to the winners’ circle of these and other WatersTechnology awards, having emerged top in this category in last year’s BST Awards.