FX Electronic Trading - Autobahn - Deutsche Bank

Deutsche Bank
Foreign Exchange
FX Electronic
Trading
http://autobahn.db.com

2
About Autobahn
Since 1996, Autobahn has been connecting clients
to Deutsche Bank’s innovative Capital Markets
products and services. Having started life as an
execution tool, the new Autobahn now offers an
integrated experience, and provides electronic
access to Deutsche Bank’s wealth of sales, trading
and research know-how as well as seamless access
to all of our transaction banking services.
Autobahn is a simple, intuitive and consistent way
for users to:
— Gain unparalleled access to markets and liquidity
— Electronically trade across multiple asset classes:
Foreign Exchange, Fixed Income, Equities,
Commodities, Credit, Rates and Emerging Markets
— Intuitively access Deutsche Bank’s powerful
analytics and published content
— 24/7 access to all of your transaction banking
services, independent of physical location
— New in 2011: The App Market available via multiple
access points
http://autobahn.db.com

Contents
Electronic FX Trading on Autobahn 4
Why Autobahn? 4
Key Features 4
Inside Autobahn 6
FX Spot, Forwards and Swaps 6
FX Fast Orders 6
FX Request for Stream 7
FX Order Book 7
FX Trade Blotter 7
Precious Metals 8
FX Indices 8
EFP Offering 8
Foreign Exchange Algos on Autobahn 9
Foreign Exchange Options on Autobahn 10
Foreign Exchange Structured Deposits 12
Why Deutsche Bank? 12
Products 12
Potential Users 12
Streaming Prices on Application Programmable Interfaces (API) 13
API: How it Works 13
Foreign Exchange Prime Brokerage 14
Autobahn - your electronic link to the
world’s biggest FX trading machine
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4
Electronic FX Trading on Autobahn
Autobahn is Deutsche Bank’s award-winning electronic distribution service offering access to our FX trading capabilities.
Designed by FX experts and leveraging off Deutsche Bank’s eCommerce knowledge, it provides easy-to-use trading
functionality, state-of-the-art order functionality in cash and options, complemented with dynamically priced executable
streaming prices customised to suit each client’s requirements.
In a world where the ability to offer truly deep liquidity is paramount to clients, Autobahn sets itself apart from its peers
by tapping into its vast internal and external franchise.
In today’s world, the dynamics of the markets can change very quickly. The ability to develop timely market-leading
solutions for our clients is crucial. Autobahn rises head and shoulders above its competitors by continually delivering
revolutionary products and functionality.
Why Autobahn?
— Quick and easy access to dedicated market liquidity
— Competitive and reliable prices in over 200 currency pairs
and precious metals
— Streaming Pricing on Options as well as Spot, Outrights
and Swaps
— 24-hour availability 6 days a week: you can trade even
when your local market is closed
— Ability to trade inside the spread with Fast Orders
— Dedicated 24-hour client support team: contactable by
chat, email and telephone
— Ability to handle Straight through Processing (STP)
— Application Programmable Interfaces (API): deliver
streaming prices 24 hours a day
— Possibility to connect via 3rd party portals
— Access to sophisticated execution tools via FX Algos
Key Features
— Dynamic Pricing on Spot: prices adjust according
to size of trade
— Commission-free dealing
Autobahn - powerful FX insight and execution
— Customisable algorithmic execution on full range
of currency pairs
— Single or Double click trading available
— Exceptional range of Non-Deliverable Forwards (NDFs)
available
— Customisable Trade and Expiry Blotters
— Post trade operations available on demand: aggregation,
rolls, and allocation
— Email and SMS Notifications can be sent to multiple
destinations for all trade and order types
— Exchange for Physical (EFP) pricing available for wide
selection of currency pairs and precious metals
— Wide range of structured investments available,
such as DCIs
— FX indices available in a selection of currencies
and baskets

World’s No 1 FX House
— Deutsche Bank is the world’s leading foreign exchange
service provider.
— We ranked No 1 in the Euromoney FX industry poll every
year for the past six years.
— Deutsche Bank makes markets in more FX contracts
than any other firm.
— We have the largest trading book in the FX market.
— Deutsche Bank is a top-rated provider of FX Prime
Broking services.
— We are a market leader in Non-Deliverable Forwards
which allow clients to take a view on emerging market
currencies with trading restrictions.
Foreign Exchange Trading
on Autobahn
Outrights
Autobahn Foreign Exchange
Spot
Non-
Deliverable
Forwards
FX Indices
Autobahn
Options
Swaps
Precious
Metals
Structured
Products
Euromoney, FX Poll 2011
— No 1 Overall with 15.64% market share
— No 1 in Western Europe, North America, Asia,
Australasia & Japan
— No 1 E-Trading (Proprietary Platforms) by market share
— No 1 Options
Profit and Loss, Digital FX Awards 2011
Foreign Exchange on Autobahn awarded
— Best Prime Services
— Best Emerging Markets Platform
— Best Leveraged Sector Platform
FX Week, e-FX Awards 2010
Foreign Exchange on Autobahn awarded
— e-FX Initiative of the Year (Bank)
— Best Liquidity Outsourcing Service
Profit and Loss, Autobahn Digital FX Markets Foreign Awards Exchange
Foreign Exchange on Autobahn awarded
— Best Options Platform for Hedge Funds 2009 & 2010
Global Finance World’s Best FX Banks Awards
— World’s Precious Best Metals FX Bank, 2005 - 2010
Structured
— Best FX Research - Strategy / Hedging
Products
— Best FX Bank Western Europe
Swaps
Foreign Excha
Indices
Spot
Non-Deliverable
Forwards
5
Outrights

6
Inside Autobahn
FX Spot, Forwards & Swaps
Streaming, dealable prices for Spot, Outrights and Swap
trades are displayed on dedicated liquidity windows (LW).
The Spot LW allows you to display a ladder of prices. Users
can define the amounts on the rungs of the ladders based
on their unique trading requirements, speeding up the trade
execution process.
The Spot LW also allows you to change the value date
to execute to an Outright date. The Spot rate and the
Swap points are displayed but upon execution an Outright
is confirmed.
Spot and Swap Liquidity Windows
FX Fast Orders
An exciting feature allowing clients to submit and cancel
“Take Profit” orders directly from Spot LW. Use just three
clicks to leave at market orders.
Fast Orders execution has been enhanced with
the introduction of “Inside Fill”. This feature allows our
client’s Fast Orders to be filled without always having
to cross the spread. By matching mutual interest, our
customers benefit from quicker fills without the market
having to touch that level.
Spot Liquidity Window with Ladders
Spot Liquidity Window with Fast Orders
Example: To sell 10M
from the ladder, double
click on this rate.

FX Request for Stream
User defined Swap LW and Outright LW are also available.
With our Request For Stream (RFS) function, get streaming
rates for larger amounts, uneven swaps or odd-dated
outrights or swaps. Just double click to execute the trades.
FX Order Book
Autobahn has a fully integrated order book which allows
you to manage and execute a wide variety of orders. The
easy-to-use order entry screen allows you to enter the
following order types: SL, TP, IFDSMP, OCO, OT, LOOP,
DLOOP or IFDOCO.
FX Trade Blotter
Autobahn offers two trade blotters for Spot, Outright, Swap
and Option transactions: Today’s Trades and Trade History.
It also offers a dedicated Expiry blotter for Option trades.
The Trade History blotter allows you to view historical
transactions based on your specific criteria, with an easyto-use
filter functionality. Trade blotters can be printed
or exported to excel.
Request for Stream
Orders can be executed automatically against the
Deutsche Bank price feed or manually by the Deutsche
Bank traders. The Order Monitor shows all orders in a
sortable table, using colours to enable quick distinction
among order types. Autobahn also has the ability to upload
orders directly from an excel file of a predefined format.
Trade Blotter
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Precious Metals
Autobahn also offers pricing on a select group of
precious metals.
— EFP pricing available on XAU, XAG, XPT and XPD
Gold
— XAUUSD * — XAUAUD *
— XAUEUR * — XAUGBP *
— XAUJPY *
Silver
— XAGUSD * — XAGJPY
Platinum Palladium
— XPTUSD — XPDUSD
*includes outright and swap pricing.
EFP Offering
Deutsche Bank now offers a wide range of EFP currency
pairs (Exchange for Physical) both on Autobahn and over
our API.
Autobahn clients benefit from their own dedicated source
of liquidity 24 hours a day and are able to clear their
currencies via a synthetic futures contract over the CME
or FINEX.
FX Indices
Trade Weighted FX Indices (FXI):
— USDFXI — CHFFXI — EURFXI
— AUDFXI — GBPFXI — NZDFXI
— JPYFXI — CADFXI — NOKFXI
— SEKFXI
Also available on demand are:
— ASEFXI
Basket of Asian currencies versus Euro
— ASUFXI
Basket of Asian currencies versus US Dollar
— DXYFXI
Exchange traded USD Index given up to the ICE
The Indices are traded on a non delivery basis to the
IMM dates.
EFP - Currency Futures

Foreign Exchange Algo on Autobahn
Foreign Exchange Algo allows you to control the slicing, timing and fills of large orders with much greater precision
and transparency than was possible before. You can now decide in advance exactly how large orders will be executed:
in what size and frequency and at what spreads.
You can also see, second by second, how your order is progressing and can stop, pause or amend strategies at the click
of a button if market pricing becomes unfavourable at any point during execution.
Foreign Exchange Algo is one of most advanced products of its kind produced by Deutsche Bank, offering many unique
features accessed via an easy to use order input system.
How does it work?
We currently offer three execution strategies: Limit
Order+, Slicer and Limit Order Slicer. Each strategy can
be customised to suit your own personal needs and can
be saved using a handy template function. Algo Trading
Monitor instantly shows you any order execution with
the rate and time of the fill. It also shows the average rate
achieved and the amount executed in real and percentage
terms. You can Deutsche also pause, Bank amend or stop the strategy
instantly at any time. E-mail notifications and SMS
Tradable prices
messages can be received notifying when a strategy begins
Trades
and ends, or if it is paused or amended at any time.
Limit Order+ is designed for clients who want to
Client
achieve a particular price on their trades with a chance
of improvement in price.
Key features External
Black Box
Clients
Calculations
— You select Internal your price Payment limit
— You can select Clients start Engines and end times
— You can impose a minimum size for any fill
— Any price improvements achieved will be passed on
Full Flexibility
Prices
Trades
Prices
Trades
Trades
Prices
Trades
Prices
Full Transparency
Limit Order+
Limit Order Slicer
Slicer
Algo
Time Efficiency
Cost Control
Slicer is designed for clients who want to get the best
possible price with minimal market impact. By splitting the
orders up into a number of much smaller orders, and then
“drip-feeding” them into the market, you can reduce the
impact the whole order has on the market.
Key features
— You select the clip size
— You decide the frequency of the trades
— You can impose a limit price on any execution
— You can impose a maximum spread at which orders
will execute
— You can select start and end times
— You can impose a price level at which the strategy
will start
LOGOMARK
TRI 1 Deutsche Blue
Limit Order Slicer allows you to trade using a Slicer
but with the added ability to 072C leave C100 orders M80 Y0 K10 during PROCESS
BLUE C
the execution period to capitalise on any favourable
market moves.
Key features
— You select the clip size
— You decide the frequency of the trades
— You can select start and end times
— At each time interval an order is placed which is relative
to the current price. The order can be placed at mid, bid/
ask or customised to your Deutsche needs Blue Dark Blue
Bright Blue
PMS 072C PMS 289C PMS 2925C
— If an order has not been filled within its own time interval
C100
C100
C85
C34
the algo will “go to market” M80 to complete M76 it M21
M14
Y0
Y12
Y0
Y11
— A limit price can be set K10 for the whole K68 strategyK0
K32
80%
60%
40%
80%
60%
40%
20% 20%
TRI 2
9
C100 M13 Y1 K2
Mid Grey
PMS 7544C
80%
60%
40%
20%

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Foreign Exchange Options on Autobahn
— Options can be traded via a dedicated Option Streaming
Window within Foreign Exchange.
— Foreign Exchange prices a wide range of options
contracts including Calls, Puts, Strangles, Straddles, Risk
Reversals and Calendar Spreads.
— Customers are able to customise their screens so that
they can view, execute and report option trades exactly
the way they want to.
— Clients are able to have their foreign exchange option
trades feed directly into their systems using our
STP solutions.
— Portfolio Pricing Panel allows you to price and trade
multiple exotic products with multi-leg capabilities for
client structured transactions.
— Clients can share templates amongst other Autobahn
users which enhances trade generation and idea sharing.
— Request for Stream functionality is available
for larger notionals.
Streaming Volatility Grid
— Users can receive option trade confirmations by email as
well as via other communication channels.
— The Option Expiration Management Tool allows users to
view any options booked with expiries in any date range
of their choice. Users can exercise or cancel any long
option contracts online.
— Clients can choose the spot rate at which they hedge
their option trades, as well as the size of the hedge.
— Clients can view price unit in terms of Volatility, Premium,
Pips or % Price , depending on their preference.
— Clients can specify the currency the premium is
paid in eg: choose a USD premium for a EURJPY Option.
— Foreign Exchange has the ability to offer Cash Settled
Options.
— Clients can save Options strategies using the Option
calculator/ Execution window.
— The Options Streaming Volatility Grid allows clients to
view customised, tradeable volatility surfaces.
Autobahn has the ability to place orders on vanilla option
strategies. Options Fast Orders provides an innovative and
interactive way for clients and banks to deal with each other
in an electronic market.
Now with Option Fast Orders, clients can keep their options
interest or views active and work it through Autobahn using
orders. Clients manage their risk smarter and more efficient
by having Deutsche Bank watch the orders and manage the
risk electronically.

Maximum deal size available for streaming price
CCY Pair Selector
Option Strategy Selector
Notional amount can be specified
in either base or quoted currency
Option Expiry Date or Tenor
Choose zone cut off option
Strike can be specified as rate or delta (eg. 25D)
User can select the display unit at the
bottom of the screen
Choose the currency in which
option premium will be paid
Choose the hedge type for the requested option
(Spot, Outright, Live – No Hedge)
Status window shows errors, warnings and
information messages related to this quote
Cancel / Price button starts / stops streaming price
Bid / Offer buttons used to leave
‘Limit Orders’ based on Premium,
Pips or % Price
‘To be the best, one has to maintain a level of excellence. Over the
years, Deutsche Bank has achieved this and the result is an e-FX
offering that just gets stronger every year.’
Profit & Loss, 2009
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Foreign Exchange Structured Deposits
A dual currency investment (DCI) is a short-term, fixed rate money market deposit that offers higher returns than
are available on plain vanilla deposits in exchange for investors accepting the risk that the principal might be repaid
in a different currency. Clients can now trade these FX structured deposits and its variations on the Foreign
Exchange platform.
Deutsche Bank provides ready-to-use indicative term sheets for clients to deliver to their own customers as well
as a range of other pricing and marketing tools.
Why Deutsche Bank?
— Wide Range of Currency Pairs - Clients can trade
dual currency products on 50 different currency pairs
including EUR/USD, AUD/USD, NZD/USD, USD/MXN
and XAU/USD.
— Competitive Pricing - The size and risk appetite of
our global FX trading engine means we can offer
exceptionally competitive pricing on all our structured
products.
— Flexible - Clients can obtain prices on DCIs simply by
entering a currency pair and the yield they wish to
achieve, or by keying in FX rates they are comfortable
with.
— Reliability - Foreign Exchange is renowned for being
one of the most reliable on-line trading systems in
the industry.
Potential Users
— Institutional investors, retail investors and corporations
looking for yield enhanced investment products.
— Institutions (corporate and financial) which are happy
to have cash in a second currency other than their home
or base currency because they have operations
or suppliers in the relevant country.
— Investors looking to express a view on a particular
currency pair via a money market product.
— Individuals who operate in multiple currencies.
Products
— Deposit Plus
— Range Bonus Deposit
— Range Bonus Plus
— American KI DCI
— American KO DCI
— European KI DCI
— American KI Deposit Plus
— American KO Deposit Plus
— European KI Deposit Plus
DCI Grid
The DCI grid allows clients to customise and view different
combinations to better suit their requirements

le
Streaming Prices on Application
Programmable Interfaces (API)
Deutsche Bank’s API can be integrated into a wide variety of applications such as external client facing solutions, internal
platforms, proprietary algorithms and corporate hedging engines.
The streaming prices API solution is used by banks to deliver streaming prices to their clients, by hedge funds to ensure
efficient execution, by intermediaries to redistribute FX prices to retail clients and by corporates to convert foreign currency
cash flows. Deutsche Bank’s API is available for Spot, Outrights and Swap pricing as well as a range of market orders and
different styles of execution.
— Deutsche Bank’s API allows clients to subscribe for and
receive live, streaming tradable FX prices which can be
used in the customers own application. The API enables
clients to bring cost-effective currency pricing and
a deep pool of liquidity to a wide spectrum of
business models.
API: How it Works
Black Box
Calculations
Prices
External
Clients
Trades
Deutsche Bank
Trades
Prices
Trades
Internal
Clients
Client
— Deutsche Bank’s experienced technical team coordinates
the API Integration. Our API is available in Java and FIX
Connectivity, over the Internet or a VPN line.
— A wide range of STP solutions are on hand to suit any
client’s needs.
Tradable prices
Trades
Prices
Trades
Payment
Engines
Prices
Black Box
Calculations
13

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Foreign Exchange Prime Brokerage
Foreign Exchange Prime Brokerage provides our clients with a facility to deal in the foreign exchange markets in a highly
efficient, thus low-cost, manner.
If you are looking for access to multi-bank liquidity, while gaining efficiencies from reduced legal negotiations, credit
exposure and operational consolidation, then Foreign Exchange Prime Brokerage is for you.
Choice in Execution:
Essential for the Best
Prices and Liquidity
— Clients are able to deal in the FX
marketplace with their choice of
Banks or electronic venues using
Deutsche Bank credit lines.
— Deutsche Bank acts as the clearer
and outsourced back office for all
FX Spot, Forward, NDF, Option and
Bullion trades.
— Trades are given up to Deutsche
Bank who assumes the credit risk
to both the client and the
counterparty Bank.
Operational Support:
Global Coverage Around
the Clock
— Dedicated relationship managers
man Deutsche Bank FX Prime
Brokerage support desks in London,
New York, Tokyo and Singapore.
— Our website provides you, your
operations team and administrator
with real time exception based trade
matching and comprehensive post
trade reporting.
— Confidentiality of positions is
paramount and policed through
system controls, operational
segregation, and senior
management.
Market Leadership:
Leading the Way
Through Innovation
— Deutsche Bank’s range of Prime
Brokerage solutions is extensive.
— Deutsche Bank was the first FX
Prime Broker to create a specific
system for straight through trade
matching and allocation.
— We are the first to offer straight
through processing and averaging
solutions across electronic
platforms.
— Deutsche Bank will work with
you to optimise your trade and
operational work flows.

Deutsche Bank
Foreign Exchange
Further Information
To find out more about our electronic FX products
and services, please contact your Deutsche Bank
salesperson or relationship manager.
Frankfurt: +49 69 910 38628
London: +44 20 754 73891
New York: +1 212 250 9305
Brazil: +55 11 2113 5575
Paris: +33 1 4495 6273
Singapore: +65 6423 5336
Sydney: +61 2 8258 1798
Tokyo: +81 3 5156 6144
Zurich: +41 44 227 3763
Email: autobahn.fx@db.com
Web: http://autobahn.db.com
AWARDS Source:
Euromoney, FX Poll, May 2011
Profit & Loss, Digital FX Awards, April 2011
FX Week, e-FX Awards 2010
Profit & Loss, Digital FX Markets Awards, 2009 & 2010
Global Finance Awards 2005 - 2010
http://autobahn.db.com
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