dbFX managed accounts vol up 246%

Abstract

Deutsche Bank has seen a 246% year-on-year rise in volumes traded in dbFX managed accounts, as investors search for transparent FX investments, said a bank official. The managed accounts were launched in October 2007, and have also seen a 14% rise in trading so far this, year, according to Betsy Waters, global director for dbFX at the German bank in New York. The bank said some of dbFX's inflows had also come from investors seeking to reallocate resources from other asset classes, such as equities, while others sought to profit from volatility and diversification.