Deutsche Bank Sets Up Quantitative Trading Group

Deutsche Bank has set up an equity derivatives quantitative trading group and has hired Zemach Sternberg, a former managing director at Salomon Smith Barney to spearhead the operation, as first reported on DW's Web site (DW, 4/5, www.derivativesweek.com).

  • 09 May 2004
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Deutsche Bank has set up an equity derivatives quantitative trading group and has hired Zemach Sternberg, a former managing director at Salomon Smith Barney to spearhead the operation, as first reported on DW's Web site (DW, 4/5, www.derivativesweek.com). The move is part of the bank's wider expansion into the U.S. equity derivatives market, according to Yassine Bouhara, global head of equity derivatives in London.

Quantitative trading is one of the few remaining risk distribution areas for the bank to penetrate, having already built up franchises in retail, institutional and corporate derivatives, according to an official. In addition, the quantitative aspect will make the firm's hedging more efficient and boost its market making activity, he added.

The group will be more than a black box operation, said the official. "It is harnessing quantitative concepts and applying them in efficient ways," he explained. Adding, "That doesn't have to translate into automatic trading."

Deutsche Bank plans to grow the group in the U.S. over the next year, but also to expand it into Europe and Asia.

  • 09 May 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 315,565.94 1183 8.89%
2 JPMorgan 288,650.70 1316 8.13%
3 Bank of America Merrill Lynch 284,218.69 988 8.01%
4 Goldman Sachs 215,758.12 710 6.08%
5 Barclays 207,555.74 805 5.85%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Deutsche Bank 31,971.88 102 6.82%
2 HSBC 31,420.91 141 6.70%
3 Bank of America Merrill Lynch 28,468.55 82 6.07%
4 BNP Paribas 24,740.49 136 5.28%
5 SG Corporate & Investment Banking 22,195.55 122 4.73%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 16,040.76 69 8.23%
2 Morgan Stanley 15,028.69 75 7.71%
3 UBS 14,195.29 55 7.28%
4 Citi 13,827.82 85 7.09%
5 Goldman Sachs 12,113.98 67 6.21%