Deutsche to roll out electronic bond platform in Thailand

Deutsche Bank’s global markets business unit plans to roll out its eCommerce bond and credit note trading platform in Thailand by the end of the month. Called ‘Autobahn’, the platform will trade Thai government bonds via Bloomberg terminals. The move provides more evidence of the German bank’s commitment to offering integrated credit risk management in emerging markets, at a time when many of its competitors are scaling back.

By making the product accessible through Bloomberg terminals, the bank believes transaction costs for clients will be lowered while also offering greater speed, precision and control over trading activities. Autobahn also provides constant real-time, tradable prices; improved pre-trade analysis; instant execution and trade confirmation; aggressive bid-offer spreads for both institutional and retail clients; daily trade history and instant trade records, the bank claimed.

“With Autobahn, we will be able to provide our clients with yet another means of efficient execution and liquidity for their portfolio management needs,” said Loh Boon Chye, head of global markets, Asia, at Deutsche Bank in Singapore.

Autobahn was first launched in 1996, electronically trading US Treasuries. But it has since expanded and upgraded to provide automated execution of more than 5,000 issues in 18 currencies, including government and corporate bonds.

The system is also linked to Deutsche’s sales and trading system, where the sales desk is informed electronically of all transactions.