Deutsche Bank has completed the first set of live trades on its electronic foreign exchange hub in Singapore. The e-FX hub, developed in partnership with the Monetary Authority of Singapore, enables the bank’s clients to execute FX transactions more closely aligned to a geographic location, helping make trade execution faster.

Lee Merchant, head of the bank’s G10 FX for Asia-Pacific, says: “Asia-Pacific is a prime example of the ongoing decentralization that is happening in the FX marketplace globally. We’ve set out to create a low-latency trading environment so that our clients can benefit from localized price distribution and consumption, leading to improved execution results and performance of roughly 90 milliseconds for clients in Singapore. The investment in our platform in Singapore significantly enhances Deutsche Bank’s market-leading electronic FX offering, and nicely complements our other global FX trading hubs in New York, London, and Tokyo.”

Chris Bezuidenhout, chief investment officer for corporate & investment bank for Asia-Pacific and global emerging markets, adds: “We continue to invest in sharpening our technology to ensure that our electronic offering for our clients is best on the street. This was a complex delivery, which included the set-up of significant local hardware, network, and server infrastructure, as well as the deployment of a host of customized applications. We are proud that our unique technology delivery capability, which simplifies and speeds up trading, has positioned us at the heart of our clients’ FX requirements across this fast-growing region.”