Deutsche Bank’s Autobahn(R) Equity business, within its Global Markets
division, announced today the global availability of an algorithm based
on Deutsche Bank’s proprietary “Stealth” strategy, which silently
executes difficult orders in over 30 markets around the world.
The Stealth strategy is liquidity-seeking, and is designed to minimize
the traders’ market impact by trading only as opportunities arise and
minimizing information leakage. The Stealth algorithm was designed for
rapidly changing markets characterized by wider spreads, faster quoting,
and smaller top of book liquidity coupled with the enormous growth in
off-exchange liquidity.
“Extreme volatility has made trade implementation more difficult,
especially for less liquid names,” said Rob Flatley, Managing Director
and Global Head of Autobahn Equity at Deutsche Bank. “Stealth’s ability
to silently work orders in tune with the micro structure of each market
it trades, without changing the shape of the order book, makes it a
useful tool in all 30 markets in which it is used.”
All Deutsche Bank’s algorithms, including Stealth, are fully integrated
with Deutsche Bank’s ultra-fast smart order router, which adapts the
execution of trades to all available dark and displayed venues.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a
strong and profitable private clients franchise. A leader in Germany and
Europe, the bank is continuously growing in North America, Asia and key
emerging markets. With 80,456 employees in 72 countries, Deutsche Bank
offers unparalleled financial services throughout the world. The bank
competes to be the leading global provider of financial solutions for
demanding clients creating exceptional value for its shareholders and
people.