AMG Global seeks prime clearing strength
06 March 2014 Amsterdam
Image: Shutterstock
A new global execution platform developed by ABN AMRO Clearing will provide clients with 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.
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.”
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.
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.”
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