Deutsche Bank 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. 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,” says Andrew Morgan, European head, autobahn Equity.
“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,” says Peter Randall, CEO, Chi-X Europe Limited.