Deutsche Bank’s electronic FX trading platform has launched AutobahnFX Option Orders (AOO) service that will automatically execute orders placed ahead of time at the required price.
The new service is anticipated to cut FX options execution costs and increase efficiency by ensuring that clients achieve the exact price they want, without having to watch the screens or the risk of missing the correct pricing target.
According to Deutsche Bank, through an easy to use order screen, clients can place orders which when filled will help them to achieve preferable FX options level.
Ian O’Flaherty, global head of FX e-commerce at Deutsche Bank, said: “Historically, organisations wishing to buy or sell FX options electronically could only do so at the rates being offered at the time. To trade at a particular price they had to monitor the screens constantly and then hope that they executed quickly enough.
“AutobahnFX Option Orders changes all that. Clients can be sure they’re getting the best possible price – even if the best price only occurs for a milli second.”
