ABN Amro said the platform’s launch marks the start of its push into the global execution and prime clearing business, saying it has ambitions to become a major force in this market.
ABN Amro Clearing has launched a new platform offering multi-venue and asset class execution services.
The platform, called AMG Global, offers trading in equities and futures across Asia, the US and Europe through a single FIX connection.
It connects to a total of 41 different equity and derivatives exchanges, with 22 in the US, 16 in Europe and three in Asia. ABN Amro said it will add more venues in the coming months.
The platform aims to be vendor neutral and clients will be able to trade through it using a front-system of their choice. Automated tooling and software certification will ease the onboarding process for clients.
It will also offer pre-trade risk controls that comply with local and regional regulations in the geographies it serves.
Chris Lee, global head of market access at ABN Amro Clearing, said: “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.”