[ A L G O R I T H M I C
T R A D I N G
S U R V E Y ]
Deutsche Bank
D
year-on-year while the rest said usage had increased over
eutsche Bank received the second lowest tally
the period. Only one respondent said they were looking
of long-only respondents of profiled providers
at implementing algos from other providers, with users
in this year’s survey with 1.74%, although this was a
citing areas of improvement such as the ability to show
marked improvement on 2017, when it drew almost
orders to sales traders on an order-by-order basis, de-
half of that count. The bank’s long-only clients me-
tailed transaction cost analysis, increased performance,
tered out an average rating of 5.24 for its algo capabil-
lower commissions and further customisation of algos.
ities, again placing Deutsche Bank one place above the
Deutsche Bank’s scores across categories were con-
bottom slot this year, with only Bloomberg achieving a
sistently below the survey average, although did see
lower overall score of profiled providers.
year-on-year increases for half of all attributes rated,
Long-only respondents for Deutsche Bank primarily
including ease of use, customisation, cost and similarly
came from mid-to-large sized clients with at least $10
to most providers, execution consulting. Of more
billion of AuM, primarily active in both equities and
Deutsche
Bank half of clients also
concern will be declining scores for improving trader
exchange-traded funds
with around
productivity, customer support, speed, execution con-
trading bonds, foreign exchange or other Improve
fixed income
Reduce
Ex ecution
sistency and anonymity, which fell Cost
to 5.34 from a very
products. Just over half of
long-only respondents
Year
Speed
trader said
market
impact
consistency
commendable 6.3 in last year’s survey.
their usage of Deutsche Bank algos had stayed the same
productivity
2018
5.11
2017
5.74
DEUTSCHE BANK RATINGS FOR ALGORITHM PERFORMANCE
5.16
5.38
5.02
5.71
5.29
5.00
5.11
Improve trader
productivity
5.38
5.02
Execution consistency
Cost
5.00
5.71
5.29
5.19
Speed
5.82
5.30
Anonymity
4.84
Price improvement
Customisation
6.30
5.12
4.98
5.34
5.14
Ease of use
5.37
5.28
5.17
Crossing
5.25
Customer support
Execution consulting
4.99
5.89
5.38
5.32
5.29
Dark pool access
Smart order routing
capabilities
5.74
5.16
Reduce market impact
2018
5.19
5.82
2017
5.51
5.30
0.00
1.0 0
2.00
3.00
4.0 0
5.00
6.0 0
7.00
Issue 55 // TheTradeNews.com // 85