360T SUN offers continuous FX swaps API pricing with Asia market inclusion

Rick Steves

360T’s Swaps User Network (SUN) expands its API pricing for FX Swaps to the Asian markets, a pioneering move for round-the-clock currency trading services.

360T has achieved a significant milestone by becoming the first platform to provide API pricing for FX Swaps continuously, starting from the Asia market opening.

Commerzbank is at the forefront of this initiative, offering prices for G3 currencies and USD/CNH, reflecting the bank’s commitment to innovation in electronic forwards trading.

360T’s pricing transparency and advanced credit automation motivates regional currency experts

Commerzbank’s Asia headquarters, located in Singapore, is a hub for comprehensive market operations, boasting a dedicated team for development, quantitative analysis, trading, and support. This strategic presence underscores the bank’s significant role in global eFX initiatives and its contribution to the SUN platform’s expansion.

Marius Jubin, Global Head of Forwards Trading at Commerzbank, said: “As one of the pioneers of electronic API pricing for FX Swaps, we’re pleased to now be extending this to include the Asia open. We expect to see further growth and on-going standardisation in electronic Forwards trading and are positioning ourselves to remain at the forefront of this marketplace.”

Jack Jiang, Head of Capital Markets Asia at Commerzbank, added: “Singapore is our regional headquarter for Commerzbank Asia. We have a fully-fledged development team, a quantitative team, a trading team and technical and business support, based here in Singapore. In addition, the bank’s Global Head of eFX is also based here in Singapore. We are delighted to be an instrumental part of this global initiative.”

The interest in 360T’s SUN from regional currency experts is growing, largely due to the enhanced pricing transparency and advanced credit automation the platform offers. Utilizing the Swap Data Feed (SDF) and partnering with DIGITEC, SUN is poised to provide a risk exchange at mid-market rates, benefitting both GUI and API users.

Increasing demand for swap liquidity in USD/CNH

China Construction Bank’s London Branch now also provides liquidity for USD/CNH during London trading hours, demonstrating support for the SUN platform’s USD/CNH initiative. This addition is in response to the increasing demand for swap liquidity in this currency pair and is part of a strategic effort to enhance the platform’s global client services.

Chris Hall, Head of Trading at CCB London, said: “We are delighted to support 360T SUN’s USD/CNH initiative and welcome the venue as a new avenue for us to provide pricing and exchange risk.”

Robin Nicholas, Head of Swap Product at 360T, commented: “Extending the API pricing on 360T SUN to provide continual interests across all market hours further enhances the value which the platform delivers to our global client base. Adding pricing for USD/CNH, meanwhile, is a strategic decision made on the basis of growing demand for Swap liquidity in this currency pair.”

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