Foreign exchange market round up: Deutsche takes Reuter
Deutsche Bank has hired Dierk Reuter as its new global head of e-commerce and algorithmic trading. Reuter was previously a managing director at Goldman Sachs in its equity algo business, although he also has extensive knowledge of FX. He was seconded to FXall by Goldman Sachs as its original chief technology officer when the multi-bank portal launched.
Reuter will serve on the management team of Zar Amrolia, the bank’s global head of FX. Amrolia says that Reuter’s experience of the way algos have been developed and then used in equities is a big advantage. One of his first tasks is to develop models for the free use of the bank’s clients.