Deutsche Bank executes first trades on CHI-X® Europe
Deutsche Bank announced today that it has executed its first trades on the alternative execution venue, Chi-X® Europe Limited. Chi-X Europe is the first live, order–driven, pan-European equity Multilateral Trading Facility (MTF).
Client orders are routed to Chi-X Europe via autobahn®Equity, Deutsche Bank's new Equity electronic trading and analytics platform. autobahn®Equity combines a rich suite of customised content & analytics with global market access that has been developed to provide clients with a powerful execution and liquidity management solution.
"Deutsche Bank is committed to providing clients with the best possible execution service," comments Andrew Morgan, European Head of autobahn®Equity. "Chi-X Europe and other new execution venues provide much needed competition for the traditional exchanges. The benefits of increased competition will ultimately be passed on to our clients in the form of improved execution, reduced trading costs and innovative product features."
Commenting on Deutsche Bank's first trades, Peter Randall, CEO of Chi-X Europe Limited said: "We are delighted that Deutsche Bank has begun trading on Chi-X Europe. Attracting high quality participants such as Deutsche Bank illustrates our position as a relevant and important alternative to the existing exchanges."
For further information, please call:
Stacey Coglan + 44 (0) 207 545 8226
Press and media relations
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 78,275 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.