Euromoney Foreign Exchange Awards 2023: Global market leader – best global FX provider: Deutsche Bank

Deutsche Bank’s FX business continues to grow.

Deutsche Bank’s FX business continues to grow.

Spot market share has increased by 13% over the review period, while the bank’s electronic trading business – designed to deliver low market impact liquidity to clients – increased in volume by 42% year on year, compared with an overall market increase of 26%.

Client total option notional increased 47% in 2022, compared with a 16% rise in market-wide volumes registered at swap data repositories. E-swaps volumes are up 20% year on year, against an overall market increase of 11%, while overall revenue for e-forwards and e-swaps has increased by 250%.

“We now offer principal resting orders [PROs] for spot FX, enabling clients to passively interact with our liquidity pool to reduce spread costs,” explains David Leigh, head of European FX.

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