Forex Weekly Look Back: Plus500 triples sales, Dukascopy announces white label partnership with Bank Sich in Ukraine LeapRate

July 10, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Plus500 triples sales, Dukascopy announces white label partnership with Bank Sich in Ukraine

The institutional unit of FXCM Group, FXCM Pro, announced its has teamed up with trading technology provider Tradesocio. The two companies collaborated to provide banks, brokers, asset managers and other buy-side institutions with a full fintech solution that combines Tradesocio’s digital investment and trading technology with FXCM Pro’s institutional liquidity and global scale. Tradesocio’s client base…

July 08, 2020 BY Steffy Bogdanova

BNY Mellon and Deutsche Bank partnership to improve custody FX for restricted EM currencies

The solution will utilize existing bots between the two banks for fast communication to help eliminate market frictions. It can also bring trade remediation closer to the time of execution. As a result, the benefits can also reduce price slippage for clients between the FX leg of a transaction and the equity or fixed-income security…

Deutsche Bank and Olam International execute Asia’s first FX Forward with ESG performance targets

June 26, 2020 BY Steffy Bogdanova

Deutsche Bank and Olam International execute Asia’s first ESG-linked FX Forward

Olam’s Managing Director and Group CFO, N. Muthukumar said: Olam is delighted to partner with Deutsche Bank to implement Asia’s first ESG FX solution. This innovative facility provides us with a hedge on our currency risk exposure and enables Olam to lock-in a discount when we meet pre-set ESG targets that are aligned with our…

December 18, 2019 BY Valentina Kirilova

New Head of FX Sales at Deutsche Bank departs the scene after 4 months

When the going gets tough, the tough get going, or so it seems with Deutsche Bank. The troubled German titan on the global banking scene had no sooner filled one of its major profit centers with a new pedigreed foreign exchange trader and specialist than the fellow up and quit without explanation. Ernesto Mercadente no…

December 10, 2019 BY Mariela Naydenova

Deutsche Bank ordered to reveal Donald Trump's financial records

President Trump has faced yet another legal backlash, as Deutsche Bank received an order to disclose his financial records. The decision that took place last week is just the latest one that is going to be decided on by the Supreme Court. Trump had 7 days to appeal the ruling that rejected his bid to…

September 24, 2019 BY Valentina Kirilova

Deutsche Bank transfers prime brokerage clients to BNP Paribas

Deutsche Bank and BNP Paribas reached a master transaction agreement yesterday. According to Reuters, the transaction happens in order to assure service continuity to Deutsche’s global prime finance and electronic equities clients. Deutsche Bank said in a statement on Monday that it will continue to operate the platform until clients can be migrated to BNP…

September 23, 2019 BY Valentina Kirilova

Cobalt goes live with Deutsche Bank, XTX Markets and Saxo Bank on its FX post-trade infrastructure

FX post-trade infrastructure and solutions provider Cobalt has announced that it has gone live with Deutsche Bank, XTX Markets and Saxo Bank as its first clients. Cobalt has developed a platform that matches all FX trades into a single trusted record, dramatically increasing efficiency and offering clients savings of up to 50% on their current…

July 08, 2019 BY Mariela Naydenova

Deutsche Bank exits global equities sales business and cuts 18,000 jobs

Deutsche Bank is on its way to the most significant restructuring in decades. The German bank announced on Sunday that it will exit the global equities sales and trading unit, cut down the investment banking arm and slash 18,000 jobs in order to try to improve profitability. According to CNBC, Deutsche plans to cut 18,000…

April 08, 2019 BY Valentina Kirilova

Deutsche Bank to offer client clearing via CDSClear

Global clearing house group LCH just announced that Deutsche Bank has gone live to offer client clearing via CDSClear. Deutsche Bank is the first German bank to offer this service. MEAG and Union Investment are the first clients to connect to CDSClear via Deutsche Bank. Frank Soussan, Global Head of CDSClear, said: We’re delighted that…

FXTM analyzed 70 M&A deals to show stock performance and GDP comps

March 18, 2019 BY Valentina Kirilova

Commerzbank and Deutsche Bank start official merger talks

Deutsche Bank and Commerzbank revealed on Sunday that they were in merger talks, which confirmed the rumors that had circulated hinting at the merger. The announcement did not come as a surprise given the manner in which Deutsche Bank has struggled since the 2008 financial crisis. However, the announcement triggered concerns by labor unions about the likelihood that…

Tag: Deutsche Bank