360T's UK MTF gains OSC exemption, offering Canadian FX market access. Deutsche Börse Group expands global forex presence with innovative trading solutions.

Deutsche Borse Group

This Deutsche Börse Group news shows the commitment to expand its footprint in the forex space and institutional-level trading businesses, consolidating its position in the global FX market.

Forex broker Deutsche Börse Group's platform, 360T, has secured an interim exemption from the Ontario Securities Commission (OSC) for its newly established UK-based Multilateral Trading Facility (MTF). This exemption is pivotal, allowing Canadian participants in the foreign exchange (FX) market to utilize the platform upon its launch on January 2.

The exemption extends to various instruments, including FX Forwards, Swaps, Options, Non-Deliverable Forwards (NDFs), and Non-Deliverable Swaps (NDSs).

Previously, both 360T's Swaps Execution Facility (SEF) and European MTF had received exemption orders from the OSC, facilitating their operational presence in Canada. The interim exemption for the UK MTF circumvents the requirement for recognition as a "Canadian exchange" under the Ontario Securities Act, enabling Canadian traders access to a broader suite of FX trading services offered by this Germany-based broker.

This multi-asset broker caters to a diverse clientele, including institutional investors, corporate treasuries, banks, and brokers. Its offerings encompass an Execution Management System (EMS), SuperSonic Trader, and services related to algorithmic trading, market data, and analytics.

With a global network spanning over 75 countries and more than 2,400 buy-side firms, the global broker positions itself as a prominent player in the international forex landscape.

In a recent forex broker news, Deutsche Börse collaborates with Virtu Financial. This platform integrated Virtu's advanced trading analytics and Transaction Cost Analysis (TCA) into its platform, enhancing users' ability to monitor and optimize their FX trading strategies.