360T, Deutsche Börse’s venue for FX and independent global provider of a multi-bank, multi-asset trading platform, now offers a fully integrated trade confirmation solution in partnership with BELLIN, a global leader in providing web-based treasury software and services.
The solution enables corporate treasuries and banks to automate the exchange and management of deal confirmations for their FX and money market deals seamlessly via 360T’s TEX trading platform.
An integrated deal export client delivers all trades from 360T´s multibank platform to the confirmation system, in which clients can easily enter and transmit transaction data to their bank and receive the corresponding bank-side confirmations.
Messages are sent via the integrated SWIFT connection directly to and from the banks and are automatically processed in the system. In the course of the onboarding process clients additionally obtain their own BIC codes for the purpose of sending and receiving messages through the SWIFT network in their own name.
In October of last year, Deutsche Börse completed its acquisition of Forex platform 360T for 725M EUR.
“This single point of access is highly beneficial for our clients to exchange confirmations in a secure and timely manner. It often has become a challenge for corporate treasurers to match their trades with banks or subsidiaries within a narrow time frame due to EMIR and other regulatory requirements. The more important it is to extend the value chain for our clients, being a long-term solution partner who support their workflows and enables them to meet these and all future demands.”
– Alfred Schorno, Global Head of Sales, 360T Group