Deutsche Bank's FX Platform Increased Client Base By 250 Percent

UAE. dbFX.com, the online retail foreign exchange (FX) trading platform of Deutsche Bank, reports a surge in customer numbers in 2008 as foreign exchange grew as an asset class of choice for investors amid the financial crisis. dbFX.com saw global

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UAE. dbFX.com, the online retail foreign exchange (FX) trading platform of Deutsche Bank, reports a surge in customer numbers in 2008 as foreign exchange grew as an asset class of choice for investors amid the financial crisis.

dbFX.com saw global customer numbers increase by over 250%, as investors looked to FX as an alternative, and uncorrelated, asset class to equities and bonds. Volumes also notably increased from 2007, as investors took advantage of significant volatility in the market.

Middle Eastern trading volumes for dbFX increased by 226 % between fourth quarter 2007 and fourth quarter 2008.

“Retail FX’s popularity as an asset class truly soared in 2008 from a customer and trading perspective,” says Betsy Waters, global director, dbFX.com. “Our more than doubling of customer numbers can be partly attributed to today’s uncertain economic environment with investors wanting the safety of knowing their capital is with a provider which is backed by a larger, well-recognised institution such as Deutsche Bank, the world’s leading FX bank.”

“Ultimately, FX is proven to be uncorrelated to bond and equity markets, so it’s no surprise that retail investors are looking to FX, which is a proven asset class with institutional investors as a means of generating returns.”

L.D.

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