Autobahn fx options
In a sign that banks are relying on technology to gain market share in currency markets, Deutsche Bank launched an upgrade of its Autobahn foreign exchange trading system this week. The move to develop a next generation Autobahn FX electronic trading platform was driven by three trends in currency dealing, said Prata, who cited changes in FX market structure, new regulations and the increasing sophistication of clients.
Deutsche Bank Autobahn – Foreign Exchange
As the largest bank in FX, Deutsche Bank has so many different kinds of users in FX that it built the platform to address various client segments such as hedge funds, asset managers as well as financial institutions and corporate customers.
Earlier this year, Citigroup, the second largest bank by market share, upgraded its systems, reports the Wall Street Journal. The new platform covers a full range of instruments, including FX spot, forwards, swaps and non-deliverable forwards as well as options.
The bank also expanded its order modules to include spot orders, algo orders, forward and swap orders and contingency orders.
In terms of redesigning the technology, the platform was built to be more modular, and flexible to react to changes and deliver applications, such as new features, new products to trade, and information to comply with regulations, in a much quicker way, said Prata. With the changes looming on the regulatory front, the bank felt it needed to give clients more flexibility, new products and new ways to interact with Deutsche Bank.
The Web-based platform is also much faster in terms of speed of pricing, login times, trade affirmation, reporting and the ability to customize information for the user, said Prata. In addition, the platform will need to report on the cleared products, NDFs and the FX options. While over clients already use the new Autobahn platform, Deutsche Bank said it would continue to support its existing FX platform until clients are successfully migrated.
Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad Deutsche Bank Rolls Out New FX Platform in Currency Arms Race. Out of the Black Box: Selling Security to your C-suite. The Digital Risk to Your Brand.
Surviving the IT Security Skills Shortage. Be the first to post a comment regarding this story.
Back Issues Must Reads. Fidelity Labs Launches Oculus Rift RDA Is Wake-Up Call for Data Managers. This Week's Top Articles.
BLARE
The Future of Data Management. Tony Blair on the Future of The Euro. Paul Ringmacher - Capco sponsor content. How Can Banks Leverage Big Data? Reducing risk through Unified Data Crisis On Wall Street. A New Flexible Datacenter Approach. Your Top 10 Articles of About Us Contact Us Customer Support Sitemap Reprints.
Technology Group Black Hat Content Marketing Institute Content Marketing World Dark Reading Enterprise Connect Fusion GDC Gamasutra HDI ICMI InformationWeek Interop ITX Network Computing No Jitter VRDC.
Service Temporarily Unavailable
WORKING WITH US Advertising Contacts Event Calendar Tech Marketing Solutions Contact Us Licensing. To rate this item, click on a rating below. If you found this interesting or useful, please use the links to the services below to share it with other readers. You will need a free account with each service to share an item via that service.