Deutsche Bank named Asia's leading foreign exchange bank for 9th consecutive year

DB has 19.81% market share.

According to a release, Deutsche Bank – the largest provider of liquidity to Asian currency markets with a 19.81% market share – has confirmed its status as the leading foreign exchange house in Asia for the ninth consecutive year with the release of results from the definitive global FX survey conducted by leading capital markets magazine Euromoney.

David Lynne, Deutsche Bank’s Head of Fixed Income, Currencies and Commodities in Asia, said the win was testament to Deutsche Bank’s ongoing Asian localisation initiatives.

“In Asia, where markets can be fragmented and in some cases difficult to access, it takes a strong on-shore presence, with the commitment to facilitate client business through varying market conditions, to cement good relationships and gain the scale and insight essential to building a leading franchise,” he said. “Our network of 17 local offices, supported by a state-of-the-art global technology platform, enable us to offer the FX products and services clients need.”

To further extend Deutsche’s market-leading electronic FX capabilities at the country level, the bank recently launched Corporate Treasury on Autobahn (ACT), a customised execution tool which offers corporate treasurers a simplified, transparent and efficient method for managing their onshore FX liquidity needs on one platform. Currently available in China, India, Thailand, Indonesia, Malaysia and the Philippines, ACT is optimised to comply with local regulations to enable easier intra-regional execution for a wide range of clients.

Mr. Lynne also attributes Deutsche’s success to its drive to work more closely with Deutsche’s Global Transaction Banking business. He said, “our closer partnership with GTB has brought our FX products and services to a larger universe of Asian corporate and institutional clients, resulting in new, more diverse sources of liquidity. In turn, GTB’s clients now access the full range and scale of Deutsche’s global FX franchise for their risk-management and liquidity requirements.”

With currency market participants closely focusing on developments in the RMB, Deutsche Bank is committed to promoting RMB’s development through all facets of foreign exchange, capital markets, credit trading and transaction banking.

The bank was the first to allow electronic execution via its online trading platform, Autobahn FX, currently offering live 24x5 CNH pricing. Deutsche Bank was among the first to execute onshore RMB FX option trades, CNH cross-currency swaps, and CNH forwards. Deutsche Bank’s dedicated CNH trading desk manages a significant volume of daily trading , while regular, dedicated research (Deutsche Bank’s CNH Market Monitor and China Market Perspectives) serves to keep investors and corporates informed on the latest developments and trends shaping the market.

Deutsche Bank has also been recognised as the best foreign exchange house globally for the ninth consecutive year.