Deutsche Bank said Tuesday it is now an outsourcer of “end to end” services for banks and brokers trying to deal with the rapidly proliferating numbers of stock trading venues.
The German financial services firm said it is launching a new operating model for its execution, settlement and custody services that it calls dbIntegrate. The platform combines its Autobahn equity executive services with its Direct Securities Services, for handling settlement and custoy after the trade.
The front-to-back office service will provide brokers and banks with connections to more than 70 trading venues around the globe, as well as access to high-speed algorithms and smart order routers. The service will also include direct market access for supervised clients.
The post-trade services will also cut collateral costs by dealing with central counterparties in 33 markets, on behalf of clients. Its Direct Securities Services division operates in Asia, the Middle East, Europe and the Americas.
“Equity trading has never been more complex,’’ Andrew Morgan, co-head of Equity Trading for Europe, the Middle East and Asia at Deutsche Bank, said in making the announcement. dbIntegrate will “help banks and brokers manage this complexity in an operationally efficient manner.’’