The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Deutsche Bank's Autobahn: Motorway pile-up

I did have to laugh this week. On the very same day we published the overall results of the Euromoney 2008 FX poll, market leviathan Deutsche Bank suffered an embarrassing problem with its Autobahn platform.

FX poll 2008: Global FX market continues dramatic growth

I won’t bore you with the technical details, but the end result was that Deutsche’s clients were unable to trade electronically for a couple of hours on Tuesday. No doubt, Deutsche’s rivals will be pleased to hear of a minor glitch, after all, it’s no secret that Autobahn has become one of the pillars of the bank’s FX business.

“The importance of a solid e-commerce platform cannot be overestimated. It is the bedrock of the entire business,” Zar Amrolia, Deutsche’s managing director, global finance and FX, recently told me.

“Autobahn FX continues to be a leading electronic FX platform providing product innovation, competitive pricing and an unrivalled ability to offer clients deep and consistent liquidity during challenging times.”

Word reaches me that Amrolia, who jokes he is the back-up generator for Autobahn, was stuck on a nine-hour flight when the platform crashed, so he couldn’t jump on his treadmill and reboot it. But his team coped well and clients were said to be not too upset. Rivals will be hoping that the next time the platform falls over, it will be for a few months rather than just a few hours, giving them a chance to catch up with Deutsche.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree