AIX-EN-PROVENCE, FRANCE and LONDON, UK, 13th May 2026 – Deutsche Bank and smartTrade Technologies today announced the availability of the dbHedge algorithmic hedging solution as a new optional execution route on LiquidityFX, further enhancing the platform’s FX risk management capabilities for banks worldwide.
The integration of dbHedge into LiquidityFX augments smartTrade’s existing, extensive toolset for internalising FX flow and managing risk, giving regional banks a new option for managing risk positions. Following this development, banks can now choose to automatically and seamlessly access Deutsche Bank’s algo desk for risk management using a suite of dbHedge’s algorithms.
Deutsche Bank, via dbHedge, provides a curated service alongside the technology, working with each client to select the most appropriate algo and optimal settings for their specific risk profile—enabling automated, efficient management of externalized positions. Within LiquidityFX, banks retain full transparency and control, choosing when to internalise, when to externalise via standard execution, and when to route risk to Deutsche Bank through dbHedge.
By embedding dbHedge into LiquidityFX, smartTrade gives its clients another path for managing internalised risk—alongside the platform’s existing execution methods. Clients can benefit from using LiquidityFX to access Deutsche Bank’s global liquidity, institutional grade algorithmic execution and expertise of DB’s algo desk, resulting in consistent pricing, high execution quality and resilience across market conditions.
This integration of dbHedge into the smartTrade toolset can support lower traditional technology costs and scale barriers to sophisticated FX risk management, empowering smartTrade clients to compete more effectively in their home markets.
David Vincent, CEO & Co-Founder of smartTrade Technologies, added:
“Our clients already use LiquidityFX to internalise flow and manage risk. By integrating Deutsche Bank’s dbHedge, we are giving them a new, sophisticated route for externalising that risk—complete with Deutsche Bank’s curated service to ensure each client is using the optimal strategy. Deutsche Bank’s decision to integrate to LiquidityFX for the distribution of dbHedge reflects the strength of our platform and the scale of our client network. It reinforces our commitment to helping banks bridge the gap between local market knowledge and global trading sophistication.”
Vittorio Nuti, Head of Algorithmic Trading at Deutsche Bank, commented:
“dbHedge was built to give banks a smarter way to manage the risk they choose to externalize—combining our algorithmic execution capabilities with a curated service that helps each client determine the right algo and the right settings for their specific needs. We are integrating with smartTrade’s LiquidityFX as it is already relied upon by a large number of banks globally. We’re giving those banks direct access to Deutsche Bank’s algo desk technology and helping them achieve better execution outcomes for their central e-books.”
About smartTrade Technologies:
smartTrade Technologies is a global leader in AI-driven solutions for multi-asset electronic trading and payments. Headquartered in France, smartTrade provides agile, end-to-end platforms for financial institutions, specializing in FX, Precious Metals, Money Markets, Fixed Income, Crypto, and Derivatives, all delivered via a secure SaaS model. Key solutions include:
● LiquidityFX (LFX): A comprehensive end-to-end trading solution providing modules for connectivity to liquidity providers and venues, aggregation, smart order routing (SOR), order management (OMS), pricing, distribution, risk management, proprietary code hosting (AlgoBox), and analytics.
● Commercial Banking & Payments (CBP): Unites FX and payments capabilities across the entire lifecycle, enabling banks to offer integrated cross-border payment experiences. Features include tailored pricing and distribution, support for various
payment types, cash management tools, ISO 20022 compliance, and flexible API integration.
● FX Derivatives (FXD) – previously operating under the kACE / Fenics name: A market-leading solution for FX and interest rate derivatives pricing, analytics, and risk management. FXD provides sophisticated tools for the entire options lifecycle, including structured product pricing, volatility analysis, and 3D scenario risk modeling, enabling institutions to automate complex derivatives workflows.
smartTrade is at the forefront of financial technology, leveraging smartTrade’s Agentic Copilot (STAC), to drive autonomous workflow optimization, ultra-low latency execution, and secure, scalable environments.
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About Deutsche Bank:
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
Forward-looking statements
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 14 March 2024 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.