As per the current financial market regulation, banks and brokers have been barred to have connectivity with multiple exchanges, investment in algorithms and smart order routers, resource and collateral costs from dealing with multiple central counterparties.
Based on its Autobahn electronic trading platform as well as the capabilities of its Direct Securities Services (DSS) division, the system helps to cut cost and the aforesaid resource constraints, by utilizing the bank’s expertise and reach in the equity markets.
The lender said that its execution system can reach to 70 equities trading places across the globe, while it is a direct custodian in 33 markets, which enables it to take ownership of the entire trade lifecycle.
Deutsche Bank direct securities services global head Thibaud Maintenant told Finextra, "With this new service offering we are providing added value solutions to our clients, helping them to navigate the complexity of trading and clearing possibilities in the most competitive way."
