Deutsche Bank’s Autobahn® Equity business today announced that
TargetClose, its algorithm that seeks to match closing prices on the
date of the trade, is now available in US markets. TargetClose was
originally launched in Europe in 2008.
TargetClose is designed to project each day’s closing volume based on
real-time and historical market data, continuously adapting to market
conditions in order to minimize the trade’s deviation from the closing
price on the date of the trade. TargetClose, underpinned by Autobahn
technology, takes advantage of low latency models and participates in
dark pools to improve performance.
“Deutsche Bank is pleased to provide US clients its highly configurable
TargetClose algorithm,” said Jose Marques, Global Head of Electronic
Equity Trading. “This enhancement to our US suite of Autobahn Equity
products further demonstrates our commitment to delivering powerful
liquidity products to clients.”
All Deutsche Bank’s algorithms are fully integrated with the Bank’s
ultra-fast smart order router, which adapts the execution of trades to
all available dark and displayed venues, based on the client's
preference. The addition of TargetClose in the US is the latest
enhancement in the Autobahn Equity product line. For more information
please visit: https://autobahn.db.com/
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial
private clients franchise. Its businesses are mutually reinforcing. A
leader in Germany and Europe, the bank is continuously growing in North
America, Asia and key emerging markets. With more than 100,000 employees
in more than 70 countries, Deutsche Bank competes to be the leading
global provider of financial solutions, creating lasting value for its
clients, shareholders, people and the communities in which it operates.
www.db.com
