Leveraging the same technology and design underpinning the award-winning Swaps Data Feed (SDF), which was also jointly developed by 360T and DIGITEC, the PMF provides a live streaming rate reasonability curve which is derived from banks’ core pricing engines.

Providing streaming data across the curve in tenors from ON up to 2Y, the PMF consolidates these multiple bank curves in one aggregated market view. Because the data is coming directly from a carefully curated group of market making banks, the PMF captures rare market intelligence that is not available anywhere else in the market today.

It can be accessed via FIX-API, view only web GUI, within the 360T trading solution or via DIGITEC’s D3 Pricing engine. The currencies included in the PMF at launch are XAU/USD and XAG/USD.

In addition to the PMF and SDF, 360T’s data suite also comprises the Essential Data Feed (EDF), the Flow Data Feed (FDF) and the Historical Data Feed (HDF).

“Just as the SDF has been a game-changer in the FX Swaps market, the PMF is a truly unique product which could have a transformative effect on precious metals trading by shining a light on what was previously an opaque marketplace. This new data feed was developed in close consultation with our partners in the FX industry, who wanted a tool to help support price discovery, benchmarking of trades, conducting execution analysis and developing trading strategies for precious metals alongside their existing currency trading,” says Simon Jones, Chief Growth Officer at 360T.

“Building on the success of the SDF and the transparency it has brought to the FX Swaps market, we have further leveraged DIGITEC’s D3 multi-asset pricing engine to also power the PMF,” says Marco Kuper, CPO at DIGITEC. “By working in partnership with 360T we have increased transparency and efficiency in both the FX Swaps and Precious Metals markets.”