Deutsche Bank launches Online Margin FX System
The market for online FX trading is growing significantly as all clients demand streamlined access to capital market products. The foreign exchange markets trade actively on a continuous basis 24 hours a day, 6 days a week, providing unlimited opportunities to engage in an actively moving market.
dbFX provides 24 hour online margin foreign exchange trading services to clients around the world. Clients will have the benefits of trading on streaming quotes on competitive spreads in 24 currency pairs. dbFX is an execution only service made available primarily to an individual client base with customer support in 9 languages.
Jim Turley, Global Head of Currencies and Commodities at Deutsche Bank, said "When you trade with dbFX, you receive privileged access to the world's foreign exchange market. In the institutional space, through research, technology and liquidity provision, we have led the way for the market as a whole to grow. We believe that the entry of a mainstream bank to the online margin industry, will benefit all participants by deepening the use of FX as an asset class, and establishing best practice."
Zar Amrolia, Global Head of Foreign Exchange Sales at Deutsche Bank, commented "As the leading provider of foreign exchange services, we are constantly at the forefront of growing the market for everyone. We do this by developing new products, technology or services that we offer to participants such as pension funds, banks and funds of funds. We are focused on being the No1 client service provider and today with the launch of dbFX, we can now offer individual investors these services."
The product can be accessed at http://www.dbfx.com/.
Deutsche Bank is ranked the No 1 Foreign Exchange Bank by Euromoney Magazine for the second year running.
For further information, please call:
Stephanie Smart +44 20 7545 2908
Michele Allison +1 212 250 4864
Jason Collins +65 6423 8418
Region Asia (non Japan)
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 Euro 1,035 billion in assets and 64,103 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.