Deutsche Bank plans expansion of Pro algo to FX swaps
German bank’s principal resting order algorithm should support swap clients in 2023
Deutsche Bank intends to expand its flagship algorithm for passive spot foreign exchange orders to its swaps business, giving clients the ability to earn spread on the instruments for the first time.
Launched in January 2021, Deutsche Bank’s principal resting order (Pro) algorithm enabled clients to leave pegged or resting spot limit orders bilaterally with the bank. The orders are matched against either the bank’s principal desk or, more usually, its wider client franchise.
It means clients
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