Deutsche Bank and BlackRock today announced a partnership whereby Deutsche Bank’s multi-HausFX (FX-as-a-Service) technology suite will be integrated with BlackRock’s Aladdin platform.

This collaboration represents a significant advancement in delivering automated, transparent, and cost-efficient foreign exchange (FX) solutions to the global asset management industry – and underscores both firms’ commitment to delivering innovative solutions that meet the evolving needs of global investors.

The integration addresses a long-standing operational challenge for institutional investors: efficiently handling FX linked to cross-border securities activity. As settlement cycles shorten and regulatory complexity increases, the need for automated operational workflows is critical. Common clients of Aladdin and HausFX now have the option to seamlessly access Deutsche Bank’s HausFX capabilities within the Aladdin platform, complementing existing workflows. HausFX has embedded logic to streamline access across developed, emerging and restricted market currencies. This allows clients to maintain control of their full trade lifecycle and minimise the drag on returns from operational FX workflows.

“This integration is demonstrative of the shared vision that exists between BlackRock’s Aladdin and Deutsche Bank to bring clients operational efficiency and performance through some of the best in tech. The integration of the Aladdin platform and HausFX will help institutions unlock real operational value, seamlessly and at scale.” said Panos Stergiou, Global Head of Institutional Client Group at Deutsche Bank.

“This partnership represents another step change for the FX market, as FX-as-a-Service establishes itself as the modern solution to legacy inefficiencies within security trade lifecycles,” said Ollie Jerome, Head of FX for Europe at Deutsche Bank. “Common clients of Aladdin and HausFX will now have access to new ways of finding the next phase of cost efficiencies, often hiding in plain sight, to minimize operational risk.”

“At BlackRock, we are committed to helping our clients simplify complexity and achieve better investment outcomes. Integrating Deutsche Bank’s HausFX capabilities with the Aladdin platform will give our common clients access to a powerful, automated solution to manage FX seamlessly as part of their end-to-end investment workflow. This collaboration reflects our ongoing focus on delivering the tools and innovation our clients need to meet evolving market demands.” said Kamya Somasundaram, Global Head of Aladdin Enterprise Partnerships at BlackRock.