Deutsche Bank has launched its next generation foreign exchange (FX) trading platform on its Autobahn electronic platform, which it will roll out in staged releases over the coming months.
The bank, which already has the single largest share of the FX market, said that the new platform is expected to increase efficiencies and volumes, contributing to Deutsche Bank’s commitment to trade €1 trillion every week within the next two years. It would also allow it to respond quickly to market, regulatory or client driven changes, and for both simple and complex requirements.
New functionalities offered by the platform include the market’s first combined electronic and voice trade blotter across all execution channels, and direct access to Deutsche Bank’s FX and cross-product research and real-time commentary alerts directly from the trading floor.
Deutsche Bank added that over 300 clients already use the new Autobahn platform, and it will continue to support its existing Autobahn FX platform until clients are successfully migrated.
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However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.