Deutsche Bank became the first foreign bank to win in the Most Volume Traded category at the Refinitiv FX Awards in Indonesia, Southeast Asia’s largest economy

Deutsche Bank became the first foreign bank to win in the Most Volume Traded category at the Refinitiv FX Awards in Indonesia, Southeast Asia’s largest economy

(PRESS RELEASE) FRANKFURT AM MAIN, 5-Apr-2022 — /EuropaWire/ — Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB), Germany’s leading multinational investment bank and financial services company, has announced that it won in the Most Volume Traded category at the inaugural Refinitiv FX Awards in Indonesia, thus becoming the first foreign bank to win in this category. The award comes in recognition of Deutsche Bank’s leading role in Refinitiv Matching, which is Indonesia’s first interbank electronic marketplace for Rupiah trading.

The Refinitiv FX Awards is held regionally across Thailand, Vietnam and now Indonesia, Southeast Asia’s largest economy. It aims to promote transparency and liquidity in foreign exchange markets in these fast-growing economies.

As part of the selection process, Refinitiv analysed FX trading activity contributions in Matching, its global electronic trading platform launched in Indonesia in 2021. Matching offers traders a single source of access to multiple FX trading venues.

Deutsche Bank Head of FIC Trading, Indonesia, Francis Soetopo, said, “Refinitiv has an unparalleled FX solution that offers deep price discovery, concentrated liquidity and efficient execution for traders. This award reflects the market-making expertise of our Indonesian platform across asset classes, from fixed income to currencies.”

“Indonesia remains one of the key destinations for emerging market investors and we look forward to continuing our partnership with Refinitiv to meet emerging client and market demand,” he added.

Deutsche Bank was additionally recognised as a leading provider of APAC FX trading services at the annual Asiamoney FX Survey (2021), which is widely considered a benchmark league table for the FX market. It was also named FinanceAsia’s Best International Investment Bank in Indonesia in 2021. The bank was one of the first foreign banks in Indonesia to transact Domestic Non-Deliverable Forwards, an important FX hedging tool for corporates and investors.

Refinitiv is a subsidiary of London Stock Exchange Group (LSEG), one of the world’s largest providers of financial markets data and infrastructure.

For further information please contact:

Deutsche Bank AG Media Relations                                            

Derrick Tee
Phone: +65 8788 5403
Email: derrick.tee@db.com  

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

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