According to FINRA, Deutsche Bank Securities, Inc. was fined $2 million for failing to comply with its obligation to seek best execution for customer orders from January 2014 through May 2019.

The firm owned and operated an alternative trading system (ATS) called SuperX. When routing customer orders to exchanges through its smart order router, the firm routed customers' marketable orders to SuperX before routing to exchanges, unless customers opted out. This SuperX ping" created inherent delays for orders not fully executed in the firm's ATS