ODDO BHF will be used by Commerzbank across its equity brokerage and equity research divisions following plans to exit the market.
Traders using the BidFX platform can now access the FX algo suite from Commerzbank directly in latest partnership.
Under Strategy 2024, Commerzbank plans to cut 10,000 full time employees in a bid to save €1.4 billion in the next three years.
Commerzbank agreed to sell its equity markets and commodities business to Societe Generale in July 2018, including its ETF products and asset management business.
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.
The newly formed group is led by Roman Schmidt, who took over the FICC business at Commerzbank earlier this year.
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
David Hatton, formerly at Commerzbank and LCH, will join European clearinghouse EuroCCP later this month.
Commerzbank and Octopus Ventures lead $9 million funding round in fixed income analytics provider Mosaic Smart Data.