Deutsche Börse Completes €725 Million Acquisition of FX Trading Platform 360T
German exchange operator finalizes deal for foreign exchange platform to form “centre of competence.”
The deal was first announced in July following an agreement between Deutsche Börse and shareholders of 360T Beteiligungs, including Summit Partners 360, the previous owners of the platform. Having received regulatory approval from antitrust authorities and the German Federal Financial Supervisory Authority (BaFin) the acquisition has been completed.
The 360T platform will form a new "center of competence" for Deutsche Börse's activities in the FX market. At the start of October the exchange group placed a €500 million ($569 million) senior bond due in 2025, in part to finance the acquisition.
"360T's impressive growth trajectory since its inception and its dynamically evolving position in the FX market makes it a substantial addition to broaden our asset class spectrum," says Carsten Kengeter, CEO of Deutsche Börse. "It is a great strategic fit. The deal underpins our ambition to become the global market infrastructure provider of choice."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Talos’s new crypto risk assets drive portfolio management system upgrade
One year after Talos Trading acquired Cloudwall, the vendor has added new capabilities to its portfolio management system.
Deutsche Bank toys with tokenizing, MayStreet sues LSEG, S&P Global adds data to Databricks, and more
The Waters Cooler: A German consortium looks to enter a deal with the EU on AI datacenters; MayStreet’s founder sues LSEG; and buzz about product expansions in this week’s news roundup.
Everything’s a chatbot. Soon, your sales trader might be, too.
Morgan Stanley, Citi, and Kepler Cheuvreux are among firms considering making their internal AI assistants available to clients.
Waters Wavelength Ep. 319: Bloomberg IB chat and operational resiliency
Tony and Shen discuss Bloomberg’s addition to IB chat, common threads in our Voice of the CTO series, and op resiliency.
As agentic AI comes into play, buy side weighs outsourced options
Asset managers wanting to use sophisticated forms of AI must square their interest in the tool with mounting cost pressures.
Clearstream and SimCorp team up, Bloomberg goes dark, TT expands FX coverage and more
The Waters Cooler: Google’s AI mishaps, a new liquidity source for ASX customers, and new integrations can be found in this week’s news roundup.
Bloomberg’s chatbots streamline external data sharing, OTC trading
The vendor details the expansion of chatbot support outside of a firm’s enterprise, and addresses user reservations about cost and spambots.
Symphony introduces Cloud9 mobile app
The messaging and collaboration platform is extending the “turret-like” technology and connectivity of Cloud9 to smartphones.
