Deutsche Bank adjudged Asia's leading FX bank

MANILA, Philippines - Deutsche Bank – The largest provider of liquidity to Asian currency markets with a 20.66-percent market share – has confirmed its status as the best foreign exchange house in Asia for the eighth consecutive year with the release of results from the definitive global FX survey conducted by leading capital markets magazine Euromoney.

Clifford Cheah, Deutsche Bank’s head of Global Finance and foreign exchange in Asia, said the win was testament to the quality of Deutsche Bank’s best-in-class FX products and its leading electronic trading platform, which allows Deutsche Bank to set the industry standard in offsetting currency risk for clients.

“About 80 percent of G10 FX trading is conducted on electronic platforms, comparatively only 15 percent of FX trading in emerging Asian currencies is electronic. The growth potential for electronic trading in Asian currencies is considerable. Deutsche Bank’s consistent investment in technology and innovation and the re-launch of its electronic platform positions the bank well to capture market share as risk management in Asian currencies eventually becomes more automated,” he said.

Cheah added that Deutsche Bank’s long-term and sustained commitment to investing into emerging Asian markets through all market conditions is reaping dividends, evidenced by the bank taking a lead role in the internationalization of the RMB and becoming a lead adviser to overseas corporates managing their RMB FX and operational risks.

Deutsche Bank is a pioneer and key provider of liquidity to the CNH FX markets. It was one of the first banks to trade FX options onshore in China, and it was the first bank to launch electronic trading of CNH. Today Deutsche Bank offers a broad range of FX trading products for CNH transactions on its electronic trading platform and is a leading provider of structured CNH FX products.

The set-up of Deutsche Bank’s Global Finance and FX businesses also allowed the bank to provide better pricing and a more diverse product range to Asian clients. “The ability to leverage across the FX and short-term interest rate product spectrum, in every Asian location where Deutsche Bank operates, allows Deutsche Bank to differentiate itself from its competitors in terms of pricing capability, technology, product expertise and advisory and to consistently remain number one,” Cheah said.

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world.

The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.