21 October 2017
visit www.avoka.com

Deutsche Bank open sources Autobahn code

09 October 2017  |  8199 views  |  0 Deutsche bank IBC building 1

Deutsche Bank aims to create a common industry standard for trading technology by making its own computer code publicly available for the first time.

The bank says it will put over 150,000 lines of code from its electronic platform Autobahn into the public domain so that trading applications from different providers can use it as a shared foundation for building interoperable connections.

The code, known as Plexus Interop, is designed to connect thousands of different applications from across the financial services industry, enabling banks and clients’ systems to talk to each other. Currently, many market participants use multiple applications for data, news and trading that work independently of each other.

Peter Wharton-Hood, COO of the Corporate & Investment Bank at Deutsche Bank says the move is in response to feedback from clients who did not want to be tied to one proprietary provider.

“We want to be a leader in open source technology in the banking sector," he says. "By making this code publicly available, we aim to create a common industry standard that will deliver a faster and more convenient service to clients, strengthen controls and reduce costs.”

To begin with, the German bank will share the code with the Symphony messaging and collaboration platform.

David Gurle, Founder and CEO of Symphony, says: "Plexus Interop represents the largest outside contribution to the Symphony Software Foundation since its founding, and underscores the power of the community and our strong partnership with Deutsche Bank.”

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SocGen sings the praises of open source

SocGen sings the praises of open source

06 April 2017  |  4883 views  |  0 comments | 6 tweets | 5 linkedin
Tullett and Quaternion partner CU FinTech Lab on open source risk project

Tullett and Quaternion partner CU FinTech Lab on open source risk project

08 December 2016  |  6864 views  |  0 comments | 1 tweets | 1 linkedin
Deutsche Bank opens third party developer portal

Deutsche Bank opens third party developer portal

01 November 2016  |  13192 views  |  0 comments | 18 tweets | 21 linkedin
OpenGamma raises $13.3m

OpenGamma raises $13.3m

05 October 2016  |  4612 views  |  0 comments | 5 tweets | 1 linkedin
Deutsche Bank opens digital factory in bid to become tech firm

Deutsche Bank opens digital factory in bid to become tech firm

29 September 2016  |  12429 views  |  0 comments | 21 tweets | 13 linkedin
DB boss Cryan tells staff to work like a tehnology company

DB boss Cryan tells staff to work like a tehnology company

13 September 2016  |  9963 views  |  1 comments | 21 tweets | 31 linkedin
Deutsche Bank establishes Dublin data lab

Deutsche Bank establishes Dublin data lab

09 September 2016  |  7581 views  |  0 comments | 4 tweets | 5 linkedin
Deutsche Bank prepares for digital future

Deutsche Bank prepares for digital future

28 April 2016  |  24191 views  |  1 comments | 41 tweets | 69 linkedin
Goldman Sachs to offer clients trading 'secret sauce' via web platform

Goldman Sachs to offer clients trading 'secret sauce' via web platform

13 August 2015  |  8033 views  |  1 comments | 11 tweets | 3 linkedin
Barclays and CommBank explore open source collaboration pact

Barclays and CommBank explore open source collaboration pact

03 November 2014  |  11042 views  |  1 comments | 8 tweets | 11 linkedin
Deutsche Bank speeds Swift standards uptake on Autobahn

Deutsche Bank speeds Swift standards uptake on Autobahn

01 October 2014  |  6917 views  |  0 comments | 2 tweets | 2 linkedin
Deutsche Bank transfers more applications to Autobahn App Market

Deutsche Bank transfers more applications to Autobahn App Market

18 September 2013  |  9459 views  |  0 comments | 1 tweets
Deutsche Bank brings supply chain finance to the app market

Deutsche Bank brings supply chain finance to the app market

05 August 2013  |  14132 views  |  2 comments | 2 tweets | 6 linkedin
Deutsche Bank Autobahn goes mobile

Deutsche Bank Autobahn goes mobile

12 June 2013  |  7990 views  |  0 comments | 5 tweets | 4 linkedin
Deutsche Bank Autobahn App Market picks up speed

Deutsche Bank Autobahn App Market picks up speed

30 October 2012  |  8608 views  |  0 comments | 3 tweets | 3 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.fivedegrees.nlvisit www.innotribe.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8778 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8612 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7701 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7169 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6777 views comments | 14 tweets | 23 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job