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Deutsche Bank Builds World EM FX Trading Engine in Singapore

  • Upgrade in Asia will replace current hardware in London
  • Singapore is key center for offshore trading of the yuan

Photographer: Daniel Roland/AFP/Getty Images

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Deutsche Bank AG is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance of the Chinese yuan.

Locating new and more powerful computer hardware in the city-state will help the bank shave vital fractions of seconds from the time it takes to execute orders in the region, according to Singapore-based David Lynne, the chief of fixed income and currency operations in Asia region.