Deutsche Börse’s 360T adds Chris Soutar to sales team
360T, Deutsche Börse Group’s affiliated FX trading venue, has augmented its business with the appointment of Chris Soutar to its global foreign exchange (FX) sales.
The move was made public on his LinkedIn profile, which shows that he joined the company this month and is based in London.
Soutar has joined 360T from Deutsche Börse’s derivatives-focused exchange Eurex, where he worked in institutional forex sales from September 2019 until May 2022 – just under three years. At Eurex, he helped help unify the FX sales team globally and review its currency product suite as it builds out a full-service FX platform to improve client experience.
Soutar joined Eurex after nearly two years with Investec, an international specialist banking and asset management group, where he oversaw the company’s FX sales. Prior to this, he spent four years at State Street’s foreign exchange (FX) business, Currenex, from 2014 to 2017.
With around ten years’ experience working in FX, Chris has also held several senior roles at different financial institutions including FCA-regulated online FX and CFD broker FIXI plc.
360T has seen a change to its corporate structure in light of a rapidly shifting regulatory climate and market structure. The implementation of MiFID II legislation was particularly relevant for the marketplace group. As one of Europe’s leading FX marketplaces, 360T has had to adapt and shift its structure in light of these new regulations.
With this product expansion, Deutsche Börse is extending its market data offering to the FX market, helping close a gap in the market for swap data and also demonstrating the synergies it created together with 360T.
The move marks Deutsche Borse’s continued expansion motive in the foreign exchange space and institutional level trading businesses. It comes after nearly seven years of Deutsche Borse’s foray into FX ECN of its own with the acquisition of 360T, which turned to be the center of the exchange’s global FX business.