Deutsche Bank raises the bar in electronic FX Trading with two awards

Deutsche Bank has scooped Best Liquidity provider for Non-Deliverable Forwards (NDFs) and Best Algo Provider at this year’s e-FX awards, hosted by industry publication FX Markets.  According to its editors, the awards “recognise the skill, dedication and creativity that market participants pour into the growing, changing world of electronic foreign exchange trading”.

Vittorio Nuti, Global Head of Execution Services at Deutsche Bank, said: “We’ve been proactive and forward-looking in our algo approach. More than two years ago we anticipated upward cost pressures for clients, and we’ve been taking steps to innovate. Stark is our new-generation algo that has given clients access to Deutsche Bank’s proprietary alpha model. It’s a game changer, bringing together leading-edge alpha research with the tools clients need to reduce execution costs and increase data, speed and transparency across real-money accounts, hedge funds and systematic users.”

Arijit Ganguly, Deutsche Bank’s Head of Asia NDFs, said: “NDFs are cash-settled, and usually short-term, forward contracts.  We’re now bringing clients a deeper, more customised and flexible set of services and solutions, combined with depth of liquidity to precisely meet their needs.  We offer enhanced pricing and the full FX product suite across regions, currencies and time zones. The result is increased liquidity, improved risk management and notable pricing improvements – all things our clients tell us are important to them.” 

The selection process involved seven external judges, plus four from FX Markets’ editorial team. Scores were based on the detail of the submissions, with higher scores awarded to those firms that had made significant improvements to their offering and the growth that they have seen from clients over the year.