Summit Partners sees the peak of the financial market. Sold their stake in Flow Traders two weeks ago, now they are selling forex trading platform 360T in an auction to Deutsche Boerse.
3rd largest FX spot market
While 360T may not directly ring a bell to everyone, it’s one of the largest independent (=non bank) foreign exchange platforms. They are said to trade 100 billion in the forex spot market every day. Ranking third in the global market after Reuters owned FXAll and FX Connect – and just ahead of Bloomberg.