360T offers an FX clearing solution designed to centralize counterparty exposure for both FX Futures and OTC transactions, including Blocks, EFPs, and NDFs. This solution plays an increasingly important role in the FX industry as firms prioritize the mitigation of balance sheet and client portfolio cost impacts. While there is no specific regulatory mandate to clear FX products, evolving market rules and requirements often make central clearing a more economically and operationally efficient choice compared to maintaining multiple bilateral relationships. By leveraging central clearing, firms can streamline their operations and potentially reduce costs associated with managing diverse counterparty exposures. The platform also provides access to FX Futures products, further enhancing the benefits of central clearing. The system is built to address the complexities of modern FX trading, enabling firms to transition from fragmented bilateral relationships to a more consolidated and efficient clearing model. This approach not only simplifies the management of positions but also opens up opportunities for broader market participation and improved financial efficiency.

Features & Benefits

• Increased Operational Efficiency
  • Enables firms to face and service a single position per instrument (e.g., currency pair and value date) through multi-lateral netting, rather than managing individual lines with each bilateral counterparty.
• Lower Margin Rates
  • Allows firms that centrally clear their FX trading activity to benefit from reduced margin rates provided by the Clearing House, compared to equivalent margined positions held against bilateral counterparties.
• Access More Counterparties
  • Significantly broadens the number of FX market participants firms can trade with, as central clearing eliminates the need for establishing bilateral credit relationships (ISDAs, CSAs, credit lines) with each trading partner.
• FX Futures Clearing
  • Enhances collateral and margin efficiencies offered by central clearing, allowing firms to trade in an exchange orderbook with all-to-all firm liquidity and greater transparency via easier price discovery and trade reporting.
  • Totally undisclosed, with the exchange matching buyers and sellers.
  • Through Eurex, 360T offers listed trading in FX Futures and Options.
  • Supports monthly and quarterly IMM value dates.
  • Includes Rolling Spot Futures and Flex FX Options.