Summit to sell forex trading platform 360T, say sources-Reuters

(Reuters) U.S. private-equity firm Summit Partners is selling Frankfurt-based currency-trading platform 360T in a potential 600 million-euro ($675 million) deal and has hired Jefferies to handle the sale, two people familiar with the matter said.

Discussions are already advanced and a deal may be struck before the summer break, they added, declining to say which parties were interested.

360T was founded in 2000. Summit Partners took a majority stake in 2012, while peer Brockhaus retained a 10.7 percent stake and 360T employees also hold stakes.

Summit, 360T and Brockhaus all declined to comment.