--- title: FX Trading Assets in Demand description: Deutsche Boerse’s planned acquisition of foreign-exchange trading platform 360T, announced earlier this week, is the latest evidence that FX market assets are increasingly coveted. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/fx-trading-assets-in-demand-1.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/fx-trading-assets-in-demand#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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The German exchange operator said on Sunday it would buy 360T, a provider of web-based trading technology for FX and other OTC instruments, for 725 million euros ($796 million). Reportedly, CME Group was among other large market operators interested in 360T. “You had DB as the winner, but there were a number of other people at the table,” said Jacob Loveless, chief executive officer of Lucera, a provider of FX infrastructure and connectivity services. “At a time of low interest rates and low volatility in equities and futures, traditional exchanges are looking to branch out into new asset classes. It makes a lot of sense.” For expansion-minded securities exchanges and trading platforms, 360T is the latest potential FX acquiree to be scooped up. Bats Global Markets bought Hotspot FX for $365 million earlier this year, and Thomson Reuters bought FXAll for $625 million in 2012. ![Jake Loveless, Lucera](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png) Jake Loveless, Lucera The Bats deal was notable in that the Lenexa, Kansas-based exchange operator hadn’t been in the FX business, Loveless noted. Also of note is that the sale prices have been increasing for FX trading platforms, which is a function of both the businesses getting larger, and FX trading volumes broadly carrying a higher valuation. 360T is the third-largest FX trading platform behind FXAll and FX Connect, according to industry data. A company executive told Reuters earlier this year that more than 100 billion euros per day traded over the 360T platform. “The 360T acquisition is a big number,” Loveless said. “360T has a lot of corporate flow (from non-financial companies and other hedging vehicles), which is business that is very hard to acquire and takes a long time to build.” “There are more acquisitions to come,” Loveless said, citing FastMatch as a potential target. “There’s not a lot of assets up for purchase, and you’re talking about a massive market, something in the order of $1.6 trillion notional per day.” Combined, 360T, Hotspot and FastMatch handle about 10% of total FX market volumes. “There is a lot more out there,” Loveless said. * Featured image by zphoto83/Dollar Photo Club* [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/fx-trading-assets-in-demand) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/fx-trading-assets-in-demand) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/fx-trading-assets-in-demand) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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