Deutsche Bank's Hong Kong dark pool goes live
The bank adds to the growing tally of internalised crossing networks in Asia, after building its execution expertise in the region over the past year.
Deutsche Bank’s internal Hong Kong dark pool goes live today, and will be known as the Deutsche Bank Automated Trading System (DBATS).
As with other dark pools -- which are basically off-exchange crossing networks -- the trading venue aims to ensure clients can access sufficient liquidity while preserving their anonymity. It will run concurrently with a dark liquidity-seeking algorithm, SuperX, in which clients will in time be able to access other Asian dark pools.
DBATS has run for…
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