ABN Amro opens Professional Traders Centre in Singapore

Source: ABN Amro

ABN AMRO today announced the opening of its Professional Traders Centre (PTC) in Singapore.

The centre provides leading edge trading technology and infrastructure to professional traders and hedge funds wishing to trade in the global exchange traded derivatives markets.

ABN AMRO's PTC is the most advanced traders' centre in Singapore. It provides the most extensive reach by connecting traders to 13 markets globally including SGX, CME, CBOT, Liffe, Euronext, Eurex, SFE, HKEx, and other Asia exchanges. Using ABN AMRO's in-house developed OMS trading system, the centre provides a lower cost, modular trading application which is flexible enough for a desk trader managing multiple accounts or a local trader who trades their own account.

The 24 hour facility provides trading and technology support as well as data feeds from Reuters, CQG and other third party trading software providers. It has 38 spaces for individual Singapore Stock Exchange (SGX) members and additional enclosed spaces for hedge funds and proprietary trading groups.

The Singapore government is providing attractive incentives to encourage the growth of Singapore as a trading hub for US and European hedge funds and proprietary trading groups. ABN AMRO's new centre offers a ready-made solution for groups attracted to Singapore by these incentives.

Steve Ng, Managing Director for ABN AMRO's Futures operation in Asia, commented: "We especially want to attract top hedge funds and proprietary trading groups from Singapore and around the world to our centre. We have the best facility to match their needs and can give them a competitive edge from day one by providing reliable, fast and global access to markets at a reasonable cost."

"We have expansion plans to double the capacity of our centre within the next six months," Mr Ng added.

Last month, ABN AMRO announced a series of key appointments within its Asian futures business that establishes Singapore as its regional operations hub, further strengthening the bank's position among the region's futures clearers.

Allan Zavarro, Global Head of Futures at ABN AMRO, said: "This is another milestone for us as we further strengthen the bank’s position among the region's futures clearers."

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