Deutsche Integrates HausFX into Aladdin
Posted by Colin Lambert. Last updated: February 9, 2026
Deutsche Bank is to integrate its FX-as-a-service offering HausFX into Blackrock’s Aladdin OMS that is used by in excess of 250 institutions, thus, the bank says, lowering the tech burden for these clients’ FX operations.
HausFX is a modular offering providing a complete FX tech stack in componentised form, allowing users to take the services they require. It includes the ability to create systematic execution and hedging strategies, backed up by comprehensive pre- and post-trade workflow tools, as well as data and analytics packages.
“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, says Panos Stergiou, global head of Institutional Client Group at Deutsche Bank. “The integration of the Aladdin platform and HausFX will help institutions unlock real operational value, seamlessly and at scale.”
Ollie Jerome, head of FX for Europe at Deutsche Bank, adds, “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. 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 minimise operational risk.”
The firms say the collaboration represents “a significant advancement in delivering automated, transparent, and cost-efficient FX solutions to the global asset management industry.”
They add that 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. 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.
“At BlackRock, we are committed to helping our clients simplify complexity and achieve better investment outcomes,” says Kamya Somasundaram, global head of Aladdin Enterprise Partnerships at BlackRock. “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.”
The Full FX View
This could be a significant move by Deutsche in that not only does it democratise access to FX services, especially for those firms who typically just leave everything to their custodian, but also because it embeds the bank’s services in one of the most popular workflow tools for a segment of the market where it has previously done OK, but could perhaps have done better.
For clients, especially those who have historically not really focused on their FX execution quality, this could be a game-changer that brings not only better execution outcomes, but also a seamless – and importantly tech burden-free – way to automate a process that has even now often remains too manual.
By connecting with Aladdin, Deutsche is solving what has been a long-running thorn in the asset management community’s side, the lack of choice when it comes to a truly efficient way to hedge their FX exposures, especially in emerging or restricted markets (where they are probably investing more than ever).
When HausFX was launched there were some eyebrows raised in the FX industry over another bank developing an “as-a-service” offering, for previous attempts elsewhere had not always exhibited longevity or success, but this overlooked one crucial aspect, the breadth of its target audience. While HausFX is undoubtedly a valuable tool for regional and specialist banks for example – a segment traditionally targeted by big bank tech offerings, this deal highlights its value to asset managers, many of whom remain passive in how they hedge currency exposures.
If there is one area of the FX industry that has not changed, in spite of the tremendous opportunities afforded by technological advancement, it is the custody world. For too long, too many asset managers have sat back and let value leak out the door thanks to careless or no oversight of their FX operations. These managers now have a choice, more importantly a choice, assuming they are on Aladdin, that offers workflow efficiency aligned with better execution.
This remains a reactionary segment of the financial world, so success is not guaranteed for this partnership, however, if nothing else, senior management at the asset managers (and the trustees and fiduciary oversight), should start asking questions as to whether they would be better off with greater efficiency in their administrative FX tasks at no cost in resources to their firm. That would be, in itself, a small advance, and one would hope that the answer would be a simple ‘yes’.
