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Deutsche Bank has become the latest bank to incorporate algorithmic trading functionality into its proprietary trading platform. The tool, called autobahnFX Algo, will enable clients to control how they time and price large orders with greater levels of precision, efficiency, flexibility and transparency.
"Clients can now decide in advance exactly how large orders will be executed, in what size, what frequency and at what spreads. They can see, second by second, how their order is progressing and can stop, pause or amend trades at the click of a button if market moves become unfavourable during execution," says Ian O’Flaherty, global head of FX e-commerce at Deutsche Bank,
Clients will be able to use three algo strategies: Limit Order+, designed for clients that want to achieve a particular price on their trades with a chance of improvement in price; Slicer, designed to achieve best price with minimal market impact; and Limit Order Slicer, which allows clients to trade using a Slicer but with the added ability to leave orders during the execution period to capitalize on any favourable price moves.