Thailand's SCB Securities signs for Deutsche Bank's dbIntegrate

Source: Deutsche Bank

Deutsche Bank today announced that it will provide end-to-end equity execution, settlement and custody services to SCB Securities Co. Ltd (SCBS) with its dbIntegrate solution.

Established in 1995, SCBS is one of Thailand's leading securities firms. The company offers financial products and services to institutional and retail clients, and is a wholly-owned subsidiary of Siam Commercial Bank PLC, one of the most well-established financial institutions in Thailand with close to 1,000 branches.

Powered by Deutsche Bank's Autobahn, dbIntegrate automatically converts equity trades into settlement instructions, thereby allowing financial institutions - in particular broker dealers and banks − to gain operational efficiencies. By using one agent from execution to custody, clients are also able to save costs.
Autobahn is Deutsche Bank's algorithmic trading platform, providing access to execution solutions in equity markets worldwide. The platform combines award-winning algorithms* with the Bank's Direct Market Access (DMA) offering for smarter liquidity in more than 70 markets globally.

In commenting on the mandate, Vikas Arora, Head of Global Transaction Banking - Thailand at Deutsche Bank said: "We are pleased to be chosen by SCB Securities Co. Ltd. With the recent relaxation of regulations in Thailand for offshore investments, there is a new demand for efficient cross-border transactions from local financial institutions, and dbIntegrate is the ideal solution to address these needs. We look forward to continuing to work with SCBS."

Mrugank Paranjape, Asia Pacific Head of Trust & Securities Services and Cash Management Financial Institutions, Global Transaction Banking at Deutsche Bank added: "We are proud to have introduced dbIntegrate to our clients in Thailand. We continue to see a strong interest in this product across the Asia Pacific region from financial institution clients who are looking for ways to reduce costs and gain efficiencies. As the world's leading FX bank and a leading transaction bank, Deutsche Bank is uniquely positioned to help facilitate financial institutions' cross-border investments."

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