925:
301:“dbFX volumes grew every year since 2006 culminating with 2010 volumes 56% higher than 2009. dbFX has been a strongly performing business for Deutsche Bank but has reached a point where in order to reach its full potential it requires significant investment in specific resources which are not consistent with Deutsche Bank’s current strategic initiatives.”
313:
dbFX clients received access to award-winning multi asset
Deutsche Bank research including in depth economic resources, special forex reports, and daily reports covering economic developments, real time FX news and market commentary. dbFX clients could also trade directly from charts, connect to dbfx
304:
Speculation about why
Deutsche Bank sold dbFX to Gain Capital has ranged, and included new global markets and financial regulations, lower corporate risk tolerance considering the bank's losses and exposure to the housing credit bubble and subprime and CDO market, Deutsche Bank management changes in
189:
The state of the art dbFX platform was a new and innovative technology at the time, which marked a paradigm shift from over-the-phone trading, to instantaneous online trade execution, at a reduced cost and risk, thus creating a de facto new asset class, and opening up, disrupting, and democratizing
255:
dbFX was initially launched with 10-20 countries with Illien as the founding global head of dbFX. He hand-picked, trained, and led a global cross-functional team across sales, trading, risk management, research, compliance, operations, and technology to launch and expand dbFX into 180+ countries,
211:
Three years later in 2009, Citibank, currently the world's largest provider of foreign exchange, initiated a competitive response to
Deutsche Bank's dbFX platform called CitiFX Pro, thus becoming the second multinational bulge bracket investment bank to launch an online institutional foreign
314:
by API, implement algorithmic, black box, automatic, and artificial intelligence based trading programs, invest with
Deutsche Bank FX select portfolio of money managers, as well as access trading in multiple asset classes including equities, equity derivatives, and commodities trading.
252:, then the market leader in online margin FX trading, with a growing institutional footprint. A team led by Senior Managing Director Jayme Illien successfully proposed and structured a global strategic partnership with Deutsche Bank to establish and launch dbFX.
239:
By mid 2005, Deutsche Bank was in search of new and innovative ways to continue growing its global presence, and its market share of global foreign exchange trading, while meeting the increasing client demand for streamlined access to capital market products.
259:
dbFX offered the ability to trade on “one click” real time streaming executable quotes 24 hours a day at spreads as low as 1.5 pips on 34 currency pairs directly from the interbank market, the 1000 largest and most active foreign exchange banks in the world.
640:
236:, and Russian investment bank United Financial Group, achieving a target return on equity of 25%, and becoming one of the world's nine largest bulge bracket investment banks, and the world's largest foreign exchange provider.
270:
Many of the original dbFX leadership and team are now CEOs, managing directors, global heads, and senior executive leaders at the world's leading fintech companies, hedge funds, FX desks, and global financial institutions.
648:
615:
266:
From 2006-2008, dbFX became the fastest growing business within
Deutsche Bank, and a major contributor to Deutsche Bank's reign as the world's largest provider of foreign exchange trading from 2005-2013.
204:“Deutsche Bank’s dbFX platform, formally announced on May 15, appears to herald a new phase. Deutsche’s move has got tongues wagging about which bank will be next. Gossip suggests it will be
27:
263:
Deutsche Bank was the counterparty to all trades. All client funds were held at
Deutsche Bank AG and protected by the Deposit Protection Fund of the Association of German Banks.
284:
1204:
440:
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and was available in nine languages including
English, Chinese, Arabic, German, Spanish, French and Russian. Features included integrated charts, hedging with no
543:
641:"UNIDOHAPPINESS FOUNDER ILLIEN JOINS 2016 U.S. PRESIDENTIAL CANDIDATE BERNIE SANDERS TO DISCUSS AMERICAN POLITICS, NATIONAL AND GLOBAL SECURITY. - EconoTimes"
616:"UNIDOHAPPINESS FOUNDER ILLIEN JOINS 2016 U.S. PRESIDENTIAL CANDIDATE BERNIE SANDERS TO DISCUSS AMERICAN POLITICS, NATIONAL AND GLOBAL SECURITY. - EconoTimes"
752:
201:, a leading institutional investor and international finance magazine, provided the context for the disruptive nature of Deutsche Bank’s dbFX platform.
1209:
1189:
502:
1214:
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response to the global financial crisis, and issues regarding competitive threats to profitability with incumbent
Deutsche Bank businesses.
417:
1092:
179:
In 2006, Deutsche Bank, then the world’s largest provider of foreign exchange trading by global market share, became the first global
886:
526:
220:
Deutsche Bank was founded in 1870 as a specialist bank for foreign trade. In
October 2001, Deutsche Bank listed its stock on the
732:
707:
454:
436:
778:"Deutsche Bank is shutting down dbFX, exiting the retail forex market, transfers clients to Gain Capital | Finance Magnates"
291:
capital and liquidity standards, Deutsche Bank decided to discontinue dbFX, and a portion of dbFX business was acquired by
1184:
585:
693:
547:
280:
802:
228:. From 2002-2005, Deutsche Bank expanded rapidly through acquisitions of Rued Blass & Cie private bank, German
327:
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879:
1163:
173:
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854:
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101:
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The idea for dbFX came from the executive management of one of
Deutsche Bank's largest clients,
1194:
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872:
145:
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to offer institutional foreign exchange trading through an online margin FX trading platform.
1122:
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individuals, and sophisticated and professional traders, which operated from 2006-2011.
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47:
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restrictions, different order types, real-time account summary and 24-hour reporting.
1137:
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753:"Exclusive: Anthony Mazzarese jumps from FXCM to Jefferies as SVP FX Prime Brokerage"
283:, and the subsequent changing regulations of global financial markets, including the
233:
976:
955:
914:
144:’s online margin foreign exchange trading platform and service for individual and
1016:
950:
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The dbFX trading platform was provided under a global strategic partnership from
37:
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157:
108:
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586:"Deutsche Bank Offers Retail Road To Alternative Investing | FINalternatives"
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exchange service on a margin foreign exchange technology platform.
208:. Direct access to the market has generally been over the phone.”
527:"Deutsche Bank HomePage - History Chronicle from 1870 until today"
285:
Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010
91:
864:
418:"Euromoney FX poll 2006 worlds largest FX banks by market share"
87:
1112:
323:
249:
398:"Bank for International Settlements Triennial survey 2007"
205:
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legal and regulatory jurisdictions, and nine languages.
124:
859:
803:"Deutsche Bank sells dbFX to Gain Capital - FX Week"
733:"An FX view from the top – XTX co-chief Zar Amrolia"
1205:
Financial services companies disestablished in 2011
670:"dbfx Forex Broker Review – Currency Trading.net"
1200:Financial services companies established in 2006
1176:
544:"Deutsche Bank launches Online Margin FX System"
295:, a leading global provider of online trading.
298:Deutsche Bank released a statement about dbFX:
16:Deutsche Bank foreign exchange trading platform
782:Finance Magnates | Financial and business news
880:
546:. Deutsche Bank. May 15, 2006. Archived from
455:"Euromoney FX Survey 2017 – results released"
384:"dbFX Deutsche Bank Corporate Linked in page"
503:"DBFX platform: UBS targets High Net Worths"
437:"DBFX platform: UBS targets High Net Worths"
708:"Euromoney FX survey 2013 results revealed"
887:
873:
638:
1210:German companies disestablished in 2011
1093:A. Schaaffhausen'scher Bank Association
1190:Financial derivative trading companies
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613:
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1215:German companies established in 2006
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281:global financial crisis of 2007-2008
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224:, the first NYSE listing after the
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694:"euromoney 2012 fx survey results"
14:
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894:
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443:from the original on 2018-06-30.
354:
25:
860:Deutsche Bank Corporate Website
820:
795:
770:
745:
724:
700:
686:
662:
632:
607:
578:
562:"dbFX Forex Broker Information"
554:
536:
1159:Deutsche Bank building, Bremen
1128:Morgan, Grenfell & Company
519:
495:
471:
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1:
333:
1002:Friedrich Wilhelm Christians
279:Against the backdrop of the
7:
308:
10:
1231:
1185:Foreign exchange companies
479:"Citi Launches CitiFX Pro"
274:
215:
162:commodity trading advisors
1164:Deutsche Bank Twin Towers
1146:
1085:
1044:
964:
943:
934:
921:
902:
639:EconoTimes (2017-11-13).
243:
119:
107:
97:
83:
68:
53:
43:
33:
24:
1103:Banca Popolare di Lecco
674:www.currencytrading.net
590:www.finalternatives.com
566:forex.tradingcharts.com
222:New York Stock Exchange
146:institutional investors
1154:Deutsche Bank Building
928:
829:"Deutsche Bank - dbFX"
357:"Deutsche Bank - dbFX"
150:financial institutions
72:May 17, 2011
1123:Hollandsche Bank-Unie
1118:Disconto-Gesellschaft
1098:Alex Brown & Sons
1086:Historical components
1057:Deutsche Bank (Italy)
927:
232:, Berliner Bank, and
190:access to the global
855:English dbFX website
226:September 11 attacks
21:
929:
160:, money managers,
48:Financial services
19:
1172:
1171:
1138:Norddeutsche Bank
1062:Deutsche Postbank
1040:
1039:
1007:Alfred Herrhausen
992:Hermann Josef Abs
972:Georg von Siemens
910:Adelbert DelbrĂĽck
483:www.citigroup.com
234:Deutsche Postbank
197:On June 1, 2006,
135:
134:
1222:
977:Oscar Wassermann
956:Christian Sewing
941:
940:
915:Ludwig Bamberger
889:
882:
875:
866:
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839:
827:Bank, Deutsche.
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647:. Archived from
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592:. Archived from
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355:Bank, Deutsche.
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318:Trading platform
156:, corporations,
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102:Foreign exchange
79:
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64:
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18:
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1174:
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1168:
1142:
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1027:JĂĽrgen Fitschen
1017:Josef Ackermann
960:
951:Paul Achleitner
936:
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846:
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184:investment bank
170:brokerage firms
123:
75:
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60:
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17:
12:
11:
5:
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1077:Sal. Oppenheim
1074:
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982:Georg Solmssen
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849:External links
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833:www.cbs.db.com
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550:on 2009-12-06.
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361:www.cbs.db.com
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174:high net worth
166:broker-dealers
158:asset managers
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1195:Deutsche Bank
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731:Clark, Joel.
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651:on 2018-03-15
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596:on 2018-05-11
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57:May 2006
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1045:Subsidiaries
987:Karl Kimmich
836:. Retrieved
832:
822:
811:. Retrieved
809:. 2011-04-21
806:
797:
786:. Retrieved
784:. 2011-04-21
781:
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761:. Retrieved
759:. 2017-05-11
756:
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673:
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653:. Retrieved
649:the original
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623:. Retrieved
619:
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609:
598:. Retrieved
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364:. Retrieved
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137:
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84:Headquarters
34:Company type
997:Karl Klasen
154:hedge funds
1179:Categories
1133:MortgageIT
1032:John Cryan
1022:Anshu Jain
937:executives
838:2018-05-11
813:2018-05-11
788:2018-05-11
763:2018-05-11
738:2018-05-11
717:2018-05-10
679:2018-05-10
655:2018-05-10
645:EconoTimes
625:2018-05-10
620:EconoTimes
600:2018-05-10
571:2018-05-10
512:2018-05-10
488:2018-05-10
464:2018-05-10
366:2018-05-10
334:References
287:, and the
148:including
76:2011-05-17
1147:Buildings
1072:Norisbank
1067:DWS Group
712:Euromoney
507:Euromoney
459:Euromoney
289:Basel III
230:Norisbank
199:Euromoney
192:FX market
903:Founders
757:LeapRate
441:Archived
309:Services
98:Products
44:Industry
944:Current
935:Notable
807:FX Week
275:Closure
216:History
120:Website
92:England
74: (
69:Defunct
61:2006-05
59: (
54:Founded
38:Private
965:Former
244:Launch
109:Parent
88:London
1113:Dexus
530:(PDF)
401:(PDF)
127:.dbfx
1052:DBFX
328:FIFO
324:FXCM
250:FXCM
140:was
138:dbFX
129:.com
20:dbFX
206:UBS
125:www
1181::
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
