Limit Order+
Limit Order+ is designed for clients who want to achieve a particular price on their trades with a chance of improvement in price.
Case Study
"I don't want to pay the market spread"
A corporate treasurer wants to convert $146 million of CAD into GBP. The client believes this is a very large order for the CAD market. He does not want to pay the market spread for this amount, instead he wants to try and achieve the mid-market price for the deal. A Limit Order+ is the obvious choice: the treasurer sets the price he wishes to achieve, and leaves Deutsche Bank to execute the trade bit by bit as and when the price moves to his target price using the Deutsche Bank franchise to clear the trade. Limit Order+ allows the client to see what price each order is being executed at real time and allows the client to pause and amend the strategy if the exchange rate moves unfavourably. The treasurer does not want to be bothered with small trade sizes so he also sets a minimum trade size for each fill.
Sample Screenshot
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