European investment banks Deutsche Bank and Société Générale have extended the geographic scope of their electronic equities execution offerings by making their algorithms available in several new countries.
Autobahn Equity, the electronic trading division of Deutsche Bank, now offers clients the ability to trade algorithmically on stock exchanges in Dublin, Athens and Johannesburg.
Customers will be able to use strategies including Stealth, an opportunistic strategy that aims to trade with minimum information leakage, Target Close, which is designed to minimise deviation from the closing price by balancing closing auction participation impact with intraday trading risk, and Implementation Shortfall, which targets minimum slippage from the arrival price of an order.
All of Deutsche Bank’s strategies use proprietary quantitative models and are customisable to suit clients’ trading style. Autobahn Equity is connected to over 60 trading venues globally.
“Deutsche Bank’s local expertise and presence in these markets is a major advantage when providing algorithmic services to clients,” said Andrew Morgan, head of Autobahn Equity, Europe, in a statement.
In addition, Société Générale Corporate & Investment Banking has expanded its electronic execution service to Brazil, Mexico, Malaysia and Taiwan.
SocGen will offer its customers algorithmic trading strategies and direct market access for each of the four markets, taking its global coverage to 65 markets.
According to SocGen, customers will be able to benefit from its global equities liquidity pool, which is particularly significant for NYSE Euronext markets, where the bank is ranked first by market share.
This year, SocGen plans to continue ramping up its global electronic offering and sales trading services, provide consistent capital commitment and reinforce its offering in portfolio trading, index and quant services and futures.