Deutsche Bank Develops Bot to Automate Parts of OTC Workflow
The already-developed bot is now awaiting incremental testing before it goes into production within six months.
Deutsche Bank (DB) is looking to automate parts of the price-discovery process for over-the-counter (OTC) trades.
It has created a bot that is able to monitor chat rooms to track and distribute request-for-quotes (RFQs), collate responses, and obtain price information for accurate, near-real-time information. It also supports post-trade dispute resolution by automatically creating chat rooms with the relevant operation teams to facilitate resolving trades quickly.
The bot came off the back of
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