Deutsche Bank said that it is addressing the challenge for banks and brokers of liquidity fragmentation in equity markets with the launch of dbIntegrate, an outsourced solution providing end-to-end execution, settlement and custody services.
It added that connectivity to multiple exchanges, investment in algorithms and smart order routers, and resource and collateral costs from dealing with multiple central counterparties are prohibitive for banks and brokers operating in today’s complex equity markets. dbIntegrate is a front-to-back office solution that leverages Deutsche Bank’s extensive footprint and expertise in equity markets to reduce these cost and resource constraints.
The bank’s execution technology accesses over 70 equities trading venues globally and it is a direct custodian in 33 markets, allowing Deutsche Bank to take ownership of the entire trade lifecycle while bank and broker clients benefit from efficiencies.
dbIntegrate is powered by Deutsche Bank’s Autobahn electronic trading platform and the capabilities of its Direct Securities Services (DSS) division. Autobahn offers customised trading content and analytical solutions, including an extensive suite of algorithms and a direct market access (DMA) offering. DSS has an extensive services agent bank network, with a global presence in Asia-Pacific, the Middle East, Europe and the Americas.
“Equity trading has never been more complex,” said Andrew Morgan, co-head of equity trading for Europe, Middle East and Africa (EMEA) at Deutsche Bank. “dbIntegrate levels the playing field by leveraging Deutsche Bank’s sophisticated execution capabilities and broad footprint across equity markets to help banks and brokers manage this complexity in an operationally efficient manner.”
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.
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Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.
A global survey of 200 corporate treasurers by Temenos and Ovum shows that many expect at least some banking services to relocate away from London.