ABN Amro launches global FIX trading push
ABN Amro Clearing has launched a new global trading platform for equities and futures which it says can route clients between Asia, Europe and the US using a single FIX connection.
The Dutch bank says its AMG Global platform represents a concerted push into global execution and prime clearing.
“AMG Global delivers global, multi asset class connectivity and an agnostic approach to front end vendors,” said Chris Lee, global head of market access at ABN Amro Clearing. “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.”
The platform connects to 22 US equity and derivative exchanges, 16 European and 3 Asian exchanges. Orders on the platform are routed via ABN Amro Clearing’s network with major hubs in London, Frankfurt, New York, Chicago, Tokyo, Hong Kong, Singapore and Sydney.
ABN Amro Clearing has said that the platform will be ‘vendor neutral’, meaning that users will be able to choose their own front end systems while they use the ABN Amro connection to the various exchanges and trading venues. Pre-trade risk tools are included, and more venues are expected to be added in the next few months.
“AMG Global provides a simple, flexible, and powerful infrastructure to support the trading needs of our different client groups,” said Marcel Jongmans, chief executive of ABN Amro Clearing. “We believe the capabilities of this platform will drive our ambition to become a major force in global execution and prime clearing.”