German lender Deutsche Bank has rolled out an upgraded equities trading platform in Asia Pacific (APAC), which uses next-generation algorithms and artificial intelligence (AI) technology to help investors achieve best execution for their trades.
Called Autobahn 2.0, the new platform uses self-learning mechanism to forecast equities pricing and volume, thereby improving execution quality.
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By GlobalDataThe platform also incorporates momentum detection, which allows it to change behaviour in trending markets or make a fast switch at inflection points.
The rollout is expected to be completed across majority of markets in APAC by the first quarter of next year.
Deutsche Bank said that the platform will be beneficial for financial institutions ahead of MiFID II, which requires FIs to demonstrate they have taken adequate measures to achieve best result when executing client orders.
Deutsche Bank co-head of equity execution for APAC Nick Silver said: “Autobahn 2.0 will also help us to reduce technology risk and save costs for our clients, which strengthens our broader service offering.”