Deutsche Bank picked up three key awards in
The Banker’s annual awards: "
Most Innovative FX House", "
Most Innovative Team (in any asset class)" and "
Most Innovative Provider of Structured Investment Products (for retail investors)".
“If 2009 was a year when steady suddenly became sexy, then the foreign exchange business was a key beneficiary. The short-dated, two-way and liquid nature of the FX market allows investment banks to showcase their technology, structuring and client service capabilities without tying down too much scarce capital,” The Banker magazine stated in its write-up on the award.
The Banker said Deutsche Bank had entrenched its market-leading position in FX this year, citing as an example of its innovation the FlexFolio product launched in 1Q 2009.
The Banker also praised the work Deutsche Bank had done to improve its autobahn electronic FX platform, both in terms of back-end and front-end analytical tools for clients.
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