Deutsche Bank highlights tech adoption trend, releases new AI-based equities algorithmic platform in APAC

Maria Nikolova

The proprietary platform, Autobahn 2.0, is designed with a self-learning mechanism allowing its systems to predict equities pricing and volume with more accuracy, thus enhancing the quality of execution.

Deutsche Bank AG (FRA:DBK) has just reiterated its flair for new technology adoption by announcing the rollout of an upgraded equities trading platform with artificial intelligence (AI) capabilities across most Asia Pacific markets.

The proprietary platform, Autobahn 2.0, was designed with a self-learning mechanism enabling its systems to predict equities pricing and volume with more accuracy, thus enhancing the quality of execution. Also, the system is equipped with momentum detection, to allow Autobahn to change behavior in trending markets or switch swiftly at inflection points. This will offer investors a powerful new tool in achieving and demonstrating best execution for their trades.

Deutsche Bank notes that the platform will be of great help for financial institutions as they focus on best execution ahead of MiFID II. Under MiFID II, financial institutions will have to demonstrate they have taken sufficient steps to obtain the best possible result when executing client orders.

Hani Shalabi, Co-Head of Equity Execution for APAC at Deutsche Bank said,

“We are proud to be adding significant horsepower to our already well-known Autobahn platform, paving the way for new best execution standards. The enhanced capabilities from a prediction and measurement perspective will be very valuable for our clients as they ready themselves for a MiFID II world.”

The platform has already been rolled out in most Asia Pacific markets with completion anticipated early in the first quarter of 2018.

In September this year, the Financial Times reported of the likelihood of human jobs at the bank to be shed in favor of robots.

According to the report, Deutsche Bank’s chief executive John Cryan has asked colleagues to embrace their “revolutionary spirit” as employees for the bank already working “like robots” begin to be replaced by actual robots. Mr Cryan warned that a “big number” of human employees at Deutsche Bank were set to lose their jobs as a result. He referred in particular to accountants who “spend a lot of the time basically being an abacus”.

“The truthful answer is we won’t need as many people,” he said. “In our banks we have people behaving like robots doing mechanical things, tomorrow we’re going to have robots behaving like people.”

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