Deutsche Bank is planning to launch an electronic stock-trading platform, the first such venue in U.S. stocks to be offered by a bank
Deutsche Bank AG said it plans to launch a new electronic platform where it will trade U.S. stocks directly with large clients, instead of matching buyers and sellers for a fee like Wall Street banks typically do.
The bank announced the plans in a press release Thursday along with exchange operator Nasdaq Inc., which will build the technology behind the new venue. The platform is expected to go live in the third quarter of 2019, the companies said.
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