Deutsche Bank Reigns Supreme in eFX Awards 2023 with Double Win for Liquidity Provision and Algorithmic Trading

Deutsche Bank Reigns Supreme in eFX Awards 2023 with Double Win for Liquidity Provision and Algorithmic Trading

(IN BRIEF) Deutsche Bank’s Foreign Exchange (FX) business has received two prestigious awards at the FX Markets’ eFX Awards 2023. The bank has been named the Best Liquidity Provider for Forwards/Swaps for the third consecutive year and has also won the Best New Algo category. The bank’s strong market share in both forwards and swaps, as well as its reputation for innovation, contributed to its success in these awards. Furthermore, Deutsche Bank has introduced a new algorithm called Stark, which combines the capabilities of three leading algorithms (Stealth, SmartPeg, and IS). Stark is the result of the bank’s extensive research, quantitative analysis, and investment into developing advanced strategies for impact analysis, information leakage, and order placement in FX trading.

(PRESS RELEASE) FRANKFURT, 7-Jun-2023 — /EuropaWire/ —  Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB), Germany’s leading multinational investment bank and financial services company, announces that its Foreign Exchange (FX) business has once again demonstrated its excellence by being named Best Liquidity Provider for Forwards/Swaps for the third consecutive year. In addition, the bank has achieved top honors in a new category, Best New Algo, in FX Markets’ eFX Awards 2023.

The bank’s success in this year’s Awards process can be attributed to its strong market share in both forwards and swaps, as well as its reputation for pioneering innovation. Deutsche Bank’s commitment to leading-edge solutions and customer service has propelled it to the forefront of the industry.

Head of European FX, David Leigh, said: “We’ve been focused on building our forwards and swaps business from the ground up, incorporating innovative hybrid pricing models. Today, Deutsche Bank has the technology and strategy to successfully maintain market share – and we are confident of consolidating our market leading position in the years to come”.

Furthermore, Deutsche Bank has showcased its commitment to innovation by introducing a groundbreaking new strategy called Stark. Leveraging the capabilities of three market-leading algorithms, namely Stealth, SmartPeg, and IS, Stark represents the next generation in algorithmic trading. Developed through extensive research, quantitative analysis, and meticulous attention to factors such as impact, information leakage, and order-placement, Stark underscores Deutsche Bank’s dedication to providing cutting-edge solutions to its clients.

Maria Prata, Global Head of FX eCommerce ICG Sales said, “Our continual investment in technology means our clients should have the tools available to manage their execution style in a variety of ways. We are confident, in instances where there is a high level of volatility, these solutions will stand out by enabling clients to seamlessly switch their style and navigate the uncertain landscape”.

The recognition received in the eFX Awards 2023 highlights Deutsche Bank’s continued leadership and commitment to delivering exceptional liquidity provision and groundbreaking algorithmic trading solutions in the FX market.

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SOURCE: Deutsche Bank AG