Deutsche Bank Autobahn® Equity releases the Super X algorithm
Deutsche Bank’s Autobahn® Equity electronic trading business, within its Global Markets division, today announced the availability of the Super X algorithm in the United States and Europe.
Super X applies a quantitative approach which allows clients to manage their access to dark liquidity using Deutsche Bank’s industry leading real-time analytics. The strategy uses sophisticated logic designed to dynamically avoid adverse selection while minimizing the trade footprint. Super X balances order urgency and price on a pool by pool basis and provides clients with thorough post trade performance metrics.
“Dark pools fundamentally offer a trade-off between quality and quantity of execution which can vary by venue, capitalization and volatility regime,” said Alex Paley, Global Head of Algorithmic Development. “Super X solves this challenge by accepting client preferences to balance liquidity with impact through the use of dynamic models of individual pool behavior and stock specific price levels.”
“Super X moves well beyond simple dark pool aggregation or naive heat map based routing strategies,” said Jose Marques, Global Head of Equity Electronic Trading. “With Super X, institutional traders have a truly innovative tool for maximizing the efficient use of dark liquidity irrespective of the ultimate counterparty.”
All Deutsche Bank’s algorithms, including Super X, are fully integrated with Deutsche Bank’s ultra-fast smart order router, which adapts the execution of trades to all available dark and displayed venues.
For further information, please call:
Deutsche Bank AG
Phone: + (212) 250-5525
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.