LONDON, 21 January, 2010 – dbFX, the online margin foreign exchange (Forex)
trading platform of Deutsche Bank, announced today that it is improving its pricing, offering tighter spreads to clients.
Spreads across many of dbFX’s 34 currency pairs have been reduced by an average of one-third with dbFX’s most popular currency pairs such as the EUR / USD and GBP / USD having typical spreads as low as 1.5 pips and 2.2 pips respectively (under normal market conditions).
Typical spreads on dbFX’s top ten currency pairs are now:
Currency pair New typical spread
EUR/USD 1.5
USD/JPY 1.8
EUR /JPY 2
EUR/GBP 2
AUD/USD 2.2
GBP/USD 2.2
USD/CHF 2.2
EUR/CHF 2.5
AUD/JPY 3
CHF/JPY 3
The full list can be viewed at: dbfx.com/forex-trading/forex-spreads-currency-pairs
Commenting, Betsy Waters, director, dbFX said: “Reliable, fair and transparent pricing is an important consideration for investors who trade FX. Traders must be careful to look behind the advertised price, and clearly establish the ‘actual or typical’ price, which is often not clear and different from the one advertised.
“With dbFX, when it comes to our pricing, transparency is paramount; the price you see is the price you get. Indeed, by leveraging Deutsche Bank’s leading position as one of the world’s largest
liquidity providers with over 20 per cent market share, we’re able to offer investors highly competitive ‘actual’ prices.
“In addition, clients of dbFX are provided with the same professional service and treated with the same values that Deutsche Bank is renowned for in the institutional market. This means clients get access to the heart of the FX market by receiving prices directly from the Deutsche Bank trading floor, plus they get the quality execution they’d expect from Deutsche Bank.
“Ultimately dbFX clients are able to consistently receive quality execution because of the combination of Deutsche Bank's live streaming market prices and institutional risk management.”
About dbFX
Launched in May 2006, dbFX.com is available in multiple languages, has 34 currency pairs and is accessible in more than 82 countries around the world. It brings the benefits of Deutsche Bank’s award winning expertise in foreign exchange to clients, with Deutsche Bank ranked the No. 1 Foreign Exchange Bank in 2009 by Euromoney magazine for the fifth year running*.
The website can be accessed at: dbfx.com
* Euromoney Foreign Exchange poll 2009
For further information, please contact:
FD
Zaman Toleafoa / Caroline Parker: +44 207 269 7244 / 7295
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients
franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
dbFX Introduces Tighter FX Spreads -
01-26-2010, 02:13 PM
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