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Greg Lee, head of Deutsche Bank Autobahn Equity Asia

Deutsche Bank launches SuperX algorithm for dark pool trading in Hong Kong


Deutsche Bank has this week launched a dark liquidity-seeking algorithm, SuperX, in Hong Kong to meet growing demand for off-exchange liquidity pools. SuperX is already a leading portal for Deutsche Bank’s clients looking to access dark pools in the US and Europe. And it’s hoped that its success there can now be emulated in Asia, connecting equity traders to the liquidity they require in today’s volatile markets. DBATS (Deutsche Bank Automated Trading System), registered with the SFC under Type 7, has also been launched in tandem with SuperX to further strengthen the offering and provide easy access to Hong Kong equities. One of which, Autobahn Equity, is the bank’s leading electronic equity trading platform. Commenting on this dual launch, Greg Lee (pictured), head of Autobahn Equity Asia, told Hedgeweek: "Introducing SuperX simultaneously with DBATS gives our clients a unique way to access dark liquidity with a high degree of trade control and anti-gaming protection. The crux of what we’re doing with SuperX is to improve price execution for our clients and so far it has been very well received, the roll-out has been very smooth.” Lee said the bank also plans to introduce SuperX into Japan, Australia and Singapore over the coming months. “In terms of connectivity we aim to make SuperX a dark aggregator. Partnering with other dark pool providers to improve our clients’ access to liquidity is the long-term goal.”

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