Deutsche Completes Auction of Equity Derivatives Portfolio
Moving ahead with its major overhaul plans, Deutsche Bank AG DB has auctioned portfolios of equity derivatives after dividing the same into three groups — European, Asian and U.S. books. The news was reported by Bloomberg.
This auction is first among many more to be completed. It basically involved flow equity derivatives. Per the article, the second auction is likely to involve exotic derivatives, the sale of which is expected to be quite complex.
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