New York - Deutsche Bank's Autobahn Equity business have announced that TargetClose, its algorithm that seeks to match closing prices on the date of the trade, is now available in US markets. TargetClose was originally launched in Europe in 2008.

TargetClose is designed to project each day's closing volume based on real-time and historical market data, continuously adapting to market conditions in order to minimize the trade's deviation from the closing price on the date of the trade. TargetClose, underpinned by Autobahn technology, employs low latency models and participates in dark pools to improve performance.

"Deutsche Bank is pleased to provide US clients with its highly configurable TargetClose algorithm," said Jose Marques, Global Head of Electronic Equity Trading. "This enhancement to our US suite of Autobahn Equity products further demonstrates our commitment to delivering powerful liquidity products to clients."