A former FX Options and futures trader at Deutsche Bank’s Sydney branch, Andrew Donaldson, was today sentenced to 18 months in prison by the Sydney District Court for fabricating trade entries within the bank’s internal documents and systems, Australian regulator ASIC stated earlier today. Donaldson, who now resides in New Zealand, pleaded guilty to the…
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German financial services giant Deutsche Bank AG (FRA:DBK) has announced that it is now working with CloudMargin to integrate the CloudMargin platform into its Collateral infrastructure. Joseph Macdonald, Global Head of Collateral Optimisation Trading for Deutsche Bank, said: Moving our collateral and margin management on to an online platform means that we and our clients will…
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LCH SwapAgent, a service for the non-cleared derivatives market, has announced that it has processed its first swaption trade. Two swaptions trades were completed between Nomura and Deutsche Bank, one denominated in Euro and the other in US Dollars. The trades were brokered by ICAP, part of TP ICAP group, and processed by MarkitSERV. Deutsche…
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Chinese households possess a huge spending capacity. From 2010 to 2017, the retail sales of consumer goods in China accumulated from 158 bn RMB (22.7 bn USD) to more than 366 bn RMB (52.7 bn USD) – revealing a Compound Annual Growth Rate of 11 percent p.a. over the last eight years. Targeted at investors…
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Solactive has just announced the appointment of Svend Gerhards as Head of Compliance who started on the 4th of October. In this new role, Gerhards, formerly Vice President at Deutsche Bank, will assume responsibility for Solactive’s compliance function. Christian Vollmuth, Chief Risk Officer at Solactive AG, commented: The European Benchmarks Regulation introduces a sweeping regime…
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Solactive today announced the launch of the Solactive Sustainability Index Europe, which was developed with Deutsche Bank, and is designed to track the performance of environmentally and socially responsible European companies, based on the data-driven platform Arabesque S- Ray®. Arabesque S-Ray® is the first tool of its kind that uses machine-learning and algorithm- based technology…
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Appears that somebody's been following R3's footsteps lately... a group of seven banks has agreed in principle to develop a shared platform that aims to make domestic and cross-border commerce easier for European small and medium-size (SME) businesses by harnessing the power of distributed ledger technology. Deutsche Bank, HSBC (HSBC also joined R3 as well…
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The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, just announced that it has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (DLT) framework to drive further improvements in derivatives post-trade lifecycle events. The firms will work collaboratively to re-platform DTCC’s…
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The Securities and Exchange Commission (SEC) announced that Deutsche Bank has agreed to settle charges that it misled clients about the performance of a core feature of its automated order router that primarily sent client orders to dark pools. The New York Attorney General’s office today announced a parallel action, and Deutsche Bank agreed to…
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Deutsche Bank has announced that it has strengthened its innovation team with two new appointments. Elly Hardwick will become Head of Innovation and Philip Milne has been appointed as Chief Technology Officer (CTO) for Innovation. Hardwick will join the bank in early December to lead the bank’s innovation activities and manage the Deutsche Bank Labs…
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