Deutsche Bank pioneers order placing on FX options
Published November 19th, 2009
Deutsche Bank’s award-winning electronic FX trading platform has launched the first FX options service that will automatically execute orders placed ahead of time at the required price. The new service, called AutobahnFX Option Orders, will cut FX options execution costs and increase efficiency by ensuring that clients achieve the exact price they want, without having to watch the screens or run the risk of missing the correct pricing target.
Deutsche Bank is the first major bank to offer such a service, which is an important development for thousands of institutional, banking and corporate users of FX options. Through an easy to use order screen, clients can place orders which when filled will help them to achieve preferable FX options level.
Ian O’Flaherty, global head of FX e-commerce at Deutsche Bank, said: “Historically, organisations wishing to buy or sell FX options electronically could only do so at the rates being offered at the time. To trade at a particular price they had to monitor the screens constantly and then hope that they executed quickly enough. AutobahnFX Option Orders changes all that. Clients can be sure they’re getting the best possible price – even if the best price only occurs for a milli second”
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,530 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
www.db.com
