Deutsche Bank Launches Liquidity Service for Rates Products

Deutsche Bank today announced the launch of Prism, a guaranteed liquidity service that is driven by the Bank’s Autobahn electronic execution platform. Prism is the first service to offer aggregated liquidity, with depth of market, across the complete spectrum of rates products – interest rate swaps, US Treasuries and US Treasury futures, according to the release.

Prism enables clients to execute complex, cross-asset trades (including basis spreads, curve spreads and treasury swap spreads), by combining sophisticated execution algorithms with Deutsche Bank’s principal liquidity. In addition, Prism clients benefit from access to an electronic depth of market, which provides an “unprecedented level of transparency,” as well as active/passive order entry, from their own desktops, according to Deutsche Bank’s release.

“As the leader in US fixed income, our perspective guides innovations to help clients navigate the challenges of an evolving market,” said Tom Hartnett, head of rates for North America, commenting in the release. (Deutsche Bank was recently named the No.1 US fixed income firm in terms of market share by Greenwich Associates.) “In addition to helping clients manage risk, Prism provides an unparalleled degree of transparency for interest rate swaps and Treasury products.”

Prism is available through Autobahn, Deutsche Bank's electronic distribution service.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio