Deutsche Bank Starts Electronic Currency Options Trading on AutobahnFX

Deutsche Bank AG, Germany’s biggest bank, has begun a currency options orders service via its AutobahnFX electronic trading platform.

The service, which a Deutsche said in a statement dated yesterday is the first of its kind, allows clients to place an option order in multiple ways and using different strategies, including so-called vanillas, straddles and strangles.

Options contracts -- which are typically traded in the over-the-counter market -- provide the right, but not the obligation, to buy or sell a specific amount of a specific security within a predetermined time period.

In a "deal done" pledge, Deutsche Bank will commit to all electronic trades being done unless there is a “clear manifest error,” according to the statement.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

• Tweet
• More
  • Business Exchange
  • Buzz up!
  • Digg
• Print
• Email