The integration is set to boost ABN AMRO Clearing’s current client offering for around-the-clock trading and follows increasing momentum from global firms and exchanges to shift to 24/5 models.
Scheduled to launch in Q1 2025, GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives.
New offering will help support sustainable transformation by improving transparency related to cleared portfolios and counterparties.
A client could not meet margin calls on US options and futures trades, forcing ABN Amro to close-out the position and take a $200 million loss.
Swiss Life Asset Managers has signed up to the Eurex Clearing ISA Direct model as a clearing member, with ABN AMRO as the clearing agent.