Global InformationDBFX information
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | May 2006 |
| Defunct | May 17, 2011 |
| Headquarters | London, England |
| Products | Foreign exchange |
| Parent | Deutsche Bank |
| Website | www |
dbFX was Deutsche Bank’s online margin foreign exchange trading platform and service for individual and institutional investors including financial institutions, hedge funds, corporations, asset managers, money managers, commodity trading advisors, broker-dealers, brokerage firms, high net worth individuals, and sophisticated and professional traders, which operated from 2006-2011.[1][2][3]
In 2006, Deutsche Bank, then the world’s largest provider of foreign exchange trading by global market share,[4] became the first global bulge bracket investment bank to offer institutional foreign exchange trading through an online margin FX trading platform.[5]
The state of the art dbFX platform[1] was a new and innovative technology at the time, which marked a paradigm shift from over-the-phone trading, to instantaneous online trade execution, at a reduced cost and risk, thus creating a de facto new asset class, and opening up, disrupting, and democratizing access to the global FX market.[5]
On June 1, 2006, Euromoney, a leading institutional investor and international finance magazine, provided the context for the disruptive nature of Deutsche Bank’s dbFX platform.
“Deutsche Bank’s dbFX platform, formally announced on May 15, appears to herald a new phase. Deutsche’s move has got tongues wagging about which bank will be next. Gossip suggests it will be UBS. Direct access to the [FX] market has generally been over the phone.”[5]
Three years later in 2009, Citibank, currently the world's largest provider of foreign exchange,[6] initiated a competitive response to Deutsche Bank's dbFX platform called CitiFX Pro,[7][8] thus becoming the second multinational bulge bracket investment bank to launch an online institutional foreign exchange service on a margin foreign exchange technology platform.
- ^ a b Bank, Deutsche. "Deutsche Bank - dbFX". www.cbs.db.com. Retrieved 2018-05-10.
- ^ "dbFX Deutsche Bank Corporate Linked in page".
- ^ "Bank for International Settlements Triennial survey 2007" (PDF).
- ^ "Euromoney FX poll 2006 worlds largest FX banks by market share".
- ^ a b c "DBFX platform: UBS targets High Net Worths". Archived from the original on 2018-06-30.
- ^ "Euromoney FX Survey 2017 – results released". Euromoney. Retrieved 2018-05-10.
- ^ "Citi Launches CitiFX Pro". www.citigroup.com. Retrieved 2018-05-10.
- ^ "DBFX platform: UBS targets High Net Worths". Euromoney. Retrieved 2018-05-10.