Banco Monex partners with 360TGTX to improve access to liquidity in Mexico

Rick Steves

Banco Monex clients now benefit from better pricing in MXN and other currencies from a broader range of liquidity sources.

Banco Monex has partnered with 360TGTX in order to launch the first local credit hub in Mexico for facilitating FX trading and address the current credit constraints many participants face in the local Mexican FX market.

The reality in Mexico is that constraints there severely limit the amount and types of liquidity which market participants can access, which results in suboptimal execution outcomes.

This has led Banco Monex to act as a credit hub for the 360TGTX platform, thus enabling any local firms in Mexico who have an established credit arrangement with Banco Monex to use this in order to access the global liquidity ecosystem that is available on the 360TGTX platform.

Gaining access to a wide range of top tier liquidity providers globally, Banco Monex clients now benefit from better pricing in MXN and other currencies from a broader range of liquidity sources.

Javier Alvarado, CEO of Monex Casa de Bolsa, said: “We are very excited to be announcing the launch of our credit hub because we believe that it will deliver many benefits to the FX market here in Mexico.

“Connecting more onshore and offshore FX liquidity will help to deepen liquidity in the Mexican peso, while local market participants will also benefit from being able to access a world-class technology platform in 360TGTX that is also fully compliant with the FX Global Code of Conduct and industry best practices.”

Matt O’Hara, CEO 360 Trading Networks, Inc. (Americas), said: “We are delighted to be announcing this new partnership with Monex, which we think represents a major milestone for the Mexican FX market. As the first Latin American financial institution to become a member of CLS, Monex holds a very unique place within the infrastructure of the local FX market.

“Leveraging this to access the 360T ecosystem, which includes over 2,200 trading firms across over 75 different countries, offers the potential for tremendous growth in the local onshore market. Ultimately, we see this as the next step in the evolution of FX trading in Mexico,” says

360T is Deutsche Börse Group’s powerhouse for FX, providing a web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services.

Its multi-bank portal for foreign exchange, cash and money market products and FX/interest rate derivatives was founded in 2000 and now boasts over 2,200 buy-side customers and more than 200 liquidity providers across 75 different countries. The firm is headquartered in Frankfurt but has offices in New York, Singapore, Mumbai, Kuala Lumpur, and Dubai.

  • Read this next

    Digital Assets

    Kraken launches institutional arm

    “If you already work with Kraken, you know how much we care about offering high quality products and a client-first experience. We’ve been the leading crypto exchange for more than a decade and through Kraken Institutional, we’ll offer the same deep expertise and cutting-edge technology to propel trading excellence for institutions.”


    Centroid integrates with brokerage solutions provider GTN

    “We are thrilled to integrate GTN into Centroid Bridge, our multi-asset connectivity bridging engine. This integration allows our clients to gain access to the wide range of multi-asset products offered by GTN.”

    Podcasts, Women of the Industry

    FF Podcast delves into the rise of prop trading as Brokeree releases Prop Pulse

    In the latest FinanceFeeds Podcast, Tatiana Pilipenko discusses Prop Pulse, Brokeree Solutions’ platform for prop firms and retail brokers aiming to delve into prop trading. Offering a flat fee structure, Prop Pulse emerges as a scalable solution in an era where successful traders increasingly prefer prop firms over traditional retail brokers.

    Inside View

    Scalping or day trading?

    Among the many popular trading styles with both beginners and experienced traders are scalping, which allows you to extract small portions of profit from each price movement, and day trading, which aims to trade over a single day. In this article, you will learn what scalping and day trading are and their differences and peculiarities. Ultimately, you will learn what to look for to understand which trading style is right for you.

    Crypto Insider

    Unveiling Plasma Next: INTMAX’s Solution to Scale Ethereum with Stateless Layer

     INTMAX has launched Plasma Next on the mainnet α, a groundbreaking Layer 2 zkRollup, revealed by co-founder Leona Hioki at ETH Denver. This innovation offers scalability with constant costs per block, merging Plasma’s scalability goals with zkRollups’ security.


    Nuam selects Vermiculus for clearing system in Chile, Colombia, and Peru

    “We are proud to deliver a system that plays an integral role in the core of this historical merger, empowering one of Latin America’s most crucial markets with VeriClear’s state-of-the-art technology, together with our deep market expertise.”

    Retail FX

    Moomoo launches super app in Malaysia

    “As an investment platform connecting 21 million retail investors globally, we envision collaborating with exchanges, regulatory bodies, and partners in the visible future to become the gateway, connecting Malaysia’s investment products to global capital and investors.”

    Executive Moves

    FXPA elects Joe Hoffman as new Chair in its 10th anniversary

    “The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

    Market News

    Eurozone Fights Stagnation Whilst Stock Indices Rally

    European stock markets are defying economic gloom as they continue to soar to all-time highs, showcasing resilience amidst broader economic challenges.