| 30 Aug 2010 |
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25% growth in the Saudi Arabian DBFX customers
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dbFX, Deutsche BankDeutsche Bank
's online margin foreign exchange (FX) trading platform has seen customer numbers in Saudi Arabia increase by 25 percent from 2009, as the country's investors diversify their portfolios by investing in FX. The increasing sophistication and need to diversify Saudi Arabia's small institutional and family office portfolios is leading to a growing adoption of FX as an asset class in addition to traditional equity and fixed income assets. FX trading offers significant advantages over stock and futures trading, including 24 hour trading, superior liquidity, tight spreads and convenient access to margin as well as low-correlation to bond and equity markets over the long term. In addition to this, the dbFX platform provides investors with access to advanced trading and risk management tools and customised solutions such as Managed Accounts which offer investors a means to access and leverage the benefits of FX, but without having to trade themselves.
The continued growth and development of the Saudi investment market, and the constant improvements in technology, are largely responsible for the recent surge of FX users in the Kingdom, and with increasing access to platforms like dbFX, investors are continuing to better understand the diversification and potential rewards FX can offer within an investment portfolio.
Deutsche BankDeutsche Bank was the first investment bank to launch an Arabic language FX trading platform when it launched dbFX in the Middle East in October 2007. The Middle East has quickly established itself as one of dbFX's fastest growing regions, with the service being adopted rapidly by individual FX traders and smaller institutions such as family offices. Since the launch of dbFX in the Middle East, FX has fast become an established alternative asset class for sophisticated retail investors, alongside equities and bonds.
The FX market is the largest financial market in the world, with a daily average turnover of over US$1 trillion, 30 times larger than the combined volume of all U.S. equity markets. The liquidity of this market, especially that of the major currencies also helps ensure price stability allowing traders to almost always open or close a position at a fair market price.
dbFX.com is available in multiple languages including Arabic, has 34 currency pairs and is accessible in more than 82 countries around the world. It brings the benefits of Deutsche BankDeutsche Bank's award winning expertise in foreign exchange to clients, with Deutsche BankDeutsche Bank ranked the No. 1 Foreign Exchange Bank in 2010 by Euromoney magazine for the sixth year running.
The English website can be accessed at: www.dbfx.com and the Arabic website at www.dbfxarabic.com
*ComScore 2009
+ Euromoney Foreign Exchange poll 2010
-Ends-
Launched in May 2006, dbFX.com is available in multiple languages, has 34 currency pairs and is accessible in more than 82 countries around the world. It brings the benefits of Deutsche BankDeutsche Bank
's award winning expertise in foreign exchange to clients, with Deutsche BankDeutsche Bank ranked the No. 1 Foreign Exchange Bank in 2010 by Euromoney magazine for the sixth year running*. About Deutsche Bank
Deutsche BankDeutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,929 employees in 72 countries, Deutsche BankDeutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
For further information, please contact:
FD
Jon Earl +97339300851
jon.earl@fd.com
Manash Bhuyan
+971508419631
manash.bhuyan@fd.com
Deutsche Bank
Dana Budeiri
Head of Communications
Middle East North Africa
Deutsche Bank
Tel: +971 4 361 1744
© Press Release 2010
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