VENUE FILE · filed 2026-09 · last re-checked 2026-09
360T (Deutsche Börse FX venue) — the liquidity layer, one venue at a time
360T serves as Deutsche Börse's global FX unit, providing a multi-bank e-FX platform that connects over 3,000 buy-side clients and 200 liquidity providers worldwide.
360T AG (Frankfurt); affiliates: 360 Trading Networks UK Ltd., 360T Inc. (US SEF), 360T India PTE · Frankfurt am Main, Germany · evidence score 91/100
Licence, read on the register
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| BaFin | not verified | Germany | tier-1 | open source ↗ |
| FCA | 989320 | United Kingdom | tier-1 | open source ↗ |
| CFTC | not verified | United States | tier-1 | open source ↗ |
| ASIC | not verified | Australia | tier-1 | open source ↗ |
| MAS | not verified | Singapore | tier-1 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
- 4testable claims
- 2venue-measured claims
- 2named data centres
- 'As the Deutsche Börse Group's global FX unit, we offer a full range of streamlined services across the entire trading workflow of FX and Short-Term Money Market products' (360t.com)
- 'Over 3,000 buy-side customers and more than 200 liquidity providers across 80+ different countries' (360t.com homepage; og:description says 2,900 buy-side customers, 75 countries — own-site variance)
- Own authorisations page: 360T AG authorised by BaFin for OTC trading services and as operator of a Multilateral Trading Facility; 360T Inc. regulated by the CFTC (SEF); 360T UK lead-regulated by the FCA; ASIC Australian Market Licence; MAS RMO authorisation; RBI ETP authorisation (360t.com/regulatory-affairs/authorisations-approvals)
- Deutsche Börse completed the acquisition of 360T in October 2015 (360t.com own news release)
Claims we cannot verify from outside
- Customer/LP/country counts are self-measured and inconsistent between own pages (2,900 vs 3,000+; 75 vs 80+)
- 'Award-winning multi-bank, multi-asset trading platform' — self-measured
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| FX spot, FX forwards/swaps, Short-term money market, FX futures clearing, FX data | 360T MTF (own venue), 360T Inc. SEF | FIX | Buy-side (asset managers), Banks, Corporate treasury, Liquidity providers |
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to assess than one that doesn't. The refusal list is treated here as disclosure, not as a defect.
What the desk watches next
The follow-up plan attached to this file — each item re-checked on a future pass, dated and kept falsifiable.
- Verify self-measured client numbers
- Assess impact of regulatory license tiers