Kantox to provide Straight-Through-Processing for international companies
10 March 2021 · < 1 min read
Kantox, a leader in Currency Management Automation software for businesses, has formed a global partnership with 360T, Deutsche Börse Group’s FX unit, and multi-dealer platform (MDP). This collaboration provides new Straight-Through-Processing integration for Kantox’s corporate clients.
Kantox’s Currency Management Automation solution allows end-to-end automation of the FX workflow for corporate treasury customers. Starting from the pre-trade, clients can effectively collect and aggregate their complete exposure data in real-time. The platform then drives a custom, rule-based hedging decision to automate the FX hedging program.
Through this strategic collaboration with 360T, Kantox clients can now benefit from an integrated workflow solution using 360T’s MDP to automatically execute trades. Kantox users will also have a powerful analytics tool available to them, including post-trade information sourced from 360T’s platform.
Philippe Gelis, Co-founder and CEO of Kantox, says: “We’re delighted to be partnering with 360T, a leading company who has revolutionised and transformed the FX market. Together through the connection and integration of our products, we will be able to provide the most innovative end-to-end solution to clients looking to easily manage the full spectrum of their business’s foreign exchange”.
360T’s Head of EMEA, Sebastian Hofmann-Werther, adds: “We are excited about this partnership with Kantox. Corporates of all sizes can benefit from Kantox’s Currency Management Automation solution, and our work together enables 360T to broaden our client base with small and medium-sized corporates in this customer segment. We look forward to a long and successful partnership.”