Deutsche Bank Launches FX Service Targeting Medium-Sized Funds
- Some funds want the FX burden off their plate, executive says
- FX is market becoming more competitive with electronic trading
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Deutsche Bank AG is launching a new service aimed at facilitating foreign-exchange transactions for mid-sized asset managers, expanding its presence in an increasingly competitive market.
The bank will start offering FX services ranging from hedging strategies and customizable algorithms, to payments and regulatory compliance functions for smaller funds, according to Ollie Jerome, Deutsche Bank’s head of European FX.