DIGITEC and 360T have won the award for Best Reference Data Newcomer for Swaps Data Feed (SDF) at the Inside Market Data (IMD) and Inside Reference Data (IRD) Awards.

DIGITEC and 360T have won the award for Best Reference Data Newcomer for Swaps Data Feed (SDF) at the Inside Market Data (IMD) and Inside Reference Data (IRD) Awards.

SDF, created in partnership between 360T and DIGITEC, is a unique product. It offers granularity across the curve from O/N out to five years in over 40 pairs, providing real-time swaps market data in 1,800 crosses in G10, LM and NDF currency pairs.

SDF brings transparency to the $3.2 trillion per day FX Swaps market, helping buy-side firms to both achieve and prove best execution and sell-side firms to more effectively price trades outside of their core currencies.

Over the past year a new GUI has been launched to support SDF. Previously only available via FIX API or within 360T, now firms are able to consume SDF as an online service. This has allowed much broader usage, as more firms access high quality, accurate FX Swaps data.

“We are honoured to have won this award and delighted that our SDF product is receiving the recognition that it deserves. In a marketplace increasingly awash with data we are proud to have developed a differentiated suite of data products which are today delivering tangible and quantifiable benefits to a broad range of FX market participants. This is the second major industry award that 360T has won in the past year for our market data suite, showing that we have real momentum behind this business now, despite being relative newcomers to this space,” said Simon Jones, Chief Growth Officer 360T Group.

“It is fantastic to see that our joint 360T and DIGITEC market data product, the SDF, continues to be recognised by the industry. This reflects the product’s relevance in the market data space and has led to record growth in its usage over the last two years. Going forward, 360T and DIGITEC have ambitious plans to continue on this journey and to provide market-leading FX swaps market data to an even broader spectrum of clients,” said Peer Joost, COO at DIGITEC.