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September 1, 2012

Deutsche Updates FX System

By James Armstrong

Deutsche Bank revamped its foreign exchange trading platform, a part of the firm's signature Autobahn electronic trading system.

Deutsche Bank executives said the system is more modular and component-based. That way it can respond quickly to changes in market structure, regulation or client need. Maria Prata, head of hybrid FX sales for North America at Deutsche Bank, said many of the core components of the system remain the same. But the reworked platform now offers several new, customizable features to help clients.

"We've taken the best of the old features of the Autobahn FX platform, and blended it in with some new products and enhancements," Prata said.

Updates include a combined electronic and voice trade blotter that cuts across all execution channels, as well as real-time commentary alerts direct from the trading floor.

The revamped platform also offers streaming non-deliverable swaps. Users may be proprietary trading firms or corporations that need it for hedging and settlements. More than 300 clients already use the retooled platform. Prata expects most customers will migrate to it by the end of the year. With the changes, Deutsche Bank joins a slew of FX trading shops that have upgraded their platforms in recent months. Citi, Royal Bank of Scotland, UBS and Morgan Stanley have all done so.


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