23 July 2014

ABN Amro Clearing unveils global execution platform

06 March 2014  |  1054 views  |  0 Source: ABN Amro Clearing

A new global execution platform developed by ABN Amro Clearing and launched today at the FIX Emea Trading Conference 2014 in London, provides clients with seamless routing capabilities between Asia, US and Europe for equities and futures trading via a single FIX connection.

AMG Global (which stands for ABN AMRO Market Gateway Global) provides clients in every region with execution capabilities on ABN AMRO Clearing‟s trading memberships and access to 22 US equity and derivative exchanges, 16 European equity and derivative exchanges and 3 Asian equity exchanges. Additional trading venues and order types will be added in coming months.

The platform provides „vendor neutral‟ access, allowing clients to trade on multiple exchanges via a front end system of their choice. Automated tooling for client and vendor software certification is being implemented to ease client onboarding. Orders are routed globally via ABN AMRO Clearing‟s network with major hubs in London, Frankfurt, New York, Chicago, Tokyo, Hong Kong, Singapore and Sydney.

AMG Global also provides a comprehensive suite of pre-trade risk controls, designed and built by ABN AMRO Clearing to comply with local and regional trading regulations. A dedicated development team worked on the project during a turbulent period, when heightened regulation placed scrutiny on pre-trade risk systems' capabilities.

The launch marks a concerted push by ABN AMRO Clearing into global execution as well as prime clearing, to complement its strength in securities clearing, said Marcel Jongmans, CEO of ABN AMRO Clearing: "AMG Global provides a simple, flexible, and powerful infrastructure to support the trading needs of our different client groups. We believe the capabilities of this platform will drive our ambition to become a major force in global execution and prime clearing."

Chris Lee, Global Head of Market Access at ABN AMRO Clearing, said: "AMG Global delivers global, multi asset class connectivity and an agnostic approach to front end vendors. A key differentiator is that our trading venue connectivity is backed by ABN AMRO Clearing exchange memberships with the ability to execute trades and also that the platform is multi asset class across equities, derivatives and commodities. This is where many other offerings have failed."

Part of ABN AMRO Bank, ABN AMRO Clearing is one of the world‟s leading providers of clearing and financing services for listed derivatives and cash securities, OTC products, warrants, commodities and FX. With 11 offices globally employing more than 800 staff, ABN AMRO Clearing services clients on 170+ exchanges, MTFs, dark pools and FX liquidity centres and consistently ranks as a top 3 clearer in most time zones with a 10% global market share. ABN AMRO Clearing offers an integrated approach to global transaction processing, financial logistics and risk management and processes over 10 million trades per day. 

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