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

German stock-exchange operator beats CME Group in auction
Tuesday, July 28, 2015 - 05:50
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The 360T purchase is the first large deal by the Deutsche Boerse's new chief executive Carsten Kengeter, who is targeting further buys.

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