Deutsche Bank has integrated its FX-as-a-service technology platform – HausFX – with BlackRock’s Aladdin in a bid to streamline foreign exchange workflows.
The move allows mutual clients direct access to the bank’s FX-as-a-Service capabilities and covers developed, emerging and restricted market currencies, embedding operational logic across the full trade lifecycle.
Panos Stergiou, global head of institutional client group at Deutsche Bank, explained: “This integration is demonstrative of the shared vision that exists between BlackRock’s Aladdin and Deutsche Bank to bring clients operational efficiency and performance through some of the best in tech.
“The integration of the Aladdin platform and HausFX will help institutions unlock real operational value, seamlessly and at scale.”
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The integration addresses long-standing inefficiencies in managing FX linked to cross-border securities activity.
Kamya Somasundaram, global head of Aladdin enterprise partnerships at BlackRock, added: “Integrating Deutsche Bank’s HausFX capabilities with the Aladdin platform will give our common clients access to a powerful, automated solution to manage FX seamlessly as part of their end-to-end investment workflow.”