360T SUN Integrates with Lucera

360T’s Swaps User Network (SUN) has been integrated with Lucera to open the platform up to the latter’s customers.

The integration marks the latest step in the continuing adoption of the 360T SUN platform by major sell-side firms, 360T says, adding Lucera’s API creates new workflow opportunities for banks. Rather than distributing their trading volume across pricing venues through multiple connections, banks can now have a single connection through Lucera, which takes care of the distribution for them as a one-to-all solution.

“The middleware connectivity between banks and 360T SUN through Lucera’s API further enhances the value which the platform delivers to our global client base,” says Robin Nicholas, head of swap product at 360T. “This connection focuses on the electronic placement and management of orders in 360T SUN, paving the path to full automation, from pricing generation through to trade execution.”

Peter Durkan, CEO at Lucera, adds, “Enabling any of our clients to automate their swaps workflow through direct order placement on SUN, this new integration adds unique functionality and value to the extensive Lucera ecosystem.”