Deutsche Bank is now able to offer its clients an integrated execution clearing, settlement, and custody service on the DIFX or any combination of those services.
Deutsche Bank has already connected a network of financial institutions to the autobahn platform, thereby giving them access to the DIFX. These clients, based in Saudi Arabia, Kuwait, Lebanon and the UAE, joined the global clients of the bank in trading the Kingdom Hotel Investments IPO last week.
In addition to connecting the world to the region, autobahn connects the region to the world. Jon Hitchon, Head of Equities DMA at Deutsche Bank said, "The autobahn platform provides access to a suite of trading solutions across products and assets classes. We have designed proprietary technology that allows our clients to execute directly onto 48 exchanges around the world.
"The DIFX aims to be the leading stock exchange between the European and Asian time zones and we are pleased to be able to offer DMA to this important new exchange. Deutsche Bank believes this is only the beginning of a period of major financial innovation in the Middle East and North Africa region."
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Stephanie Smart (44 20) 7545 2908
Press & Media Relations
About Deutsche Bank
With Euro 993 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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