The prestigious award was presented for the dbClear Listed Derivatives Matching product, which offers Broker, Client and FCM real time matching across complete trade life cycle events, providing transparency through the execution and clearing process. FOW said Deutsche Bank “stood head and shoulders above its rivals” with the judges highlighting the matching product as “a great step forward in easing the bottleneck in post trade.”
The product introduces an important innovation to the listed derivatives industry by providing real time (T+0) processing, where traditionally listed derivatives have been processed on a next day (T+1) basis. It connects the client, clearing broker and executing broker in real-time with a single interface to the client for all execution and clearing relationships.
dbClear Listed Derivatives Matching, which has already been adopted by its clients, is part of Deutsche Bank's market leading commitment to driving listed derivatives processing towards a trade date and near-time model. This allows clients to manage operational risk much more effectively.
Fredrik Gentzel, Global Head of Deutsche Bank's Listed Derivatives, said: “The award further validates that the Listed Derivatives clearing product offering is correctly positioned in the market to seek new client opportunities and confirms that we are constantly striving for new innovative ways in servicing our clients.”
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