Latest Deutsche Bank News: Finextra Research

SAP and Microsoft team with vendors and banks to form SOA association

Software giants Microsoft and SAP have joined forces to establish an industry association to promote and support the implementation of service orientated architectures (SOA) by financial services firms.

30 April 2008

/retail

French and German banks mulling rival to Visa and MasterCard - reports

A group of major French and German banks are looking to establish a pan-European card network that will compete with schemes operated by Visa and MasterCard in the region, according to press reports.

16 April 2008

/wholesale

Rainbow in talks with LSE over EDX

Rainbow - the European exchange being set up by investment banks - has approached the London Stock Exchange about taking over the bourse's EDX derivatives business and making it the basis of its new trading platform.

25 March 2008

/wholesale

New futures exchange named ELX

The new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange will be named ELX Electronic Liquidity Exchange.

12 March 2008

/wholesale

Banks to launch European derivatives exchange

Following the establishment of the bank-backed European equities trading platform Turquoise, a group of seven global investment banks are now gearing up to a launch a pan-European financial derivatives exchange - dubbed Project Rainbow - that will compete with the region's established markets, including Liffe and Eurex.

06 February 2008

/wholesale

Deutsche Bank acquires hedge fund administrator HedgeWorks

Deutsche Bank has acquired HegeWorks, a California-based provider of hedge fund administration services. Financial terms of the deal were not disclosed.

01 February 2008

/retail

Deutsche Bank to mark Sepa launch with charity payments; EBA to link Polish banks

Deutsche Bank is marking the launch of the single euro payments area (Sepa) by making compliant payments of EUR2801 - representing the date of the launch - to charities within the 15 euro zone countries.

25 January 2008

/regulation

Markit buys Boat

UK market data vendor Markit has confirmed that it has acquired the Boat MiFID-compliant trade reporting platform from the consortium of nine investment banks that launched the system in September 2006. Financial terms of the deal have not been disclosed.

22 January 2008

/retail

HSBC tops climate change strategy survey

British banking group HSBC has come out top in a study that examines how global banks are tackling the risks and challenges posed by global warming and climate change.

11 January 2008

/wholesale

JPMorgan and Deutsche Bank invest in Bats Trading

A further two banks - JPMorgan and Deutsche Bank - have made investments in Bats Trading, the electronic alternative to Nasdaq and Nyse. Financial terms of the minority investments were not disclosed.

08 January 2008

/wholesale

Financial firms to launch futures trading venture

News that a consortium of banks and trading firms are teaming up to establish an all-electronic futures trading exchange sent shares in CME Group tumbling over the holiday season.

02 January 2008

/retail

Deutsche Bank to open new Indian operations centre

Deutsche Bank has signed a letter of intent to set up an offshore operations centre in Jaipur, India.

06 December 2007

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