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Deutsche Boerse buys forex trading platform 360T for 725m euros

German stock-exchange operator beats CME Group in auction

Published Mon, Jul 27, 2015 · 09:50 PM
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Frankfurt

DEUTSCHE Boerse said on Sunday that it will buy the Germany-based foreign exchange trading platform 360T for 725 million euros (S$1.1 billion).

360T is one of a handful of multi-bank, multi-user platforms which have revolutionised foreign exchange trading over the past decade. Deutsche Boerse beat US commodities and currency exchange operator CME Group in the auction, according to sources familiar with the deal.

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