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Equiduct is pleased to welcome ABN AMRO Clearing Bank as a Trading member and GCM

10

Jan

Equiduct is pleased to welcome ABN AMRO Clearing Bank as a Trading member and GCM

Press Release – London 9th January 2019

 

ABN AMRO Clearing joins Equiduct as GCM and Trading Member

London, Amsterdam - 9th January 2019

 



Equiduct is pleased to announce that ABN AMRO Clearing has joined its Pan European Best Execution Regulated Market, both as a General Clearing Member (GCM) and as a Trading Member providing Direct Electronic Access (DEA).

Current and future participants can now select ABN AMRO Clearing as their clearing member when directly accessing the market. Alternatively, they could opt-in for the state-of-the-art execution solution, developed specifically for the needs of ABN AMRO Clearing’s customer base.

Equiduct offers the most cost-effective solution to retail brokers (PartnerEx) and institutional brokers (SpotVBBO) to achieve best-execution. This is illustrated by an average Liquidity Provider per order size of €300k, 30+ trading participants and an aggressive Order to Trade Ratio of only 1.04 on more than 1,000 European stocks.

Equiduct is known for being customer-driven and providing innovative solutions to help its clients navigate the complexities of the fragmented European markets.  We are delighted to welcome ABN AMRO Clearing in its full-service capacity. Expanding access to our regulated market is a great opportunity to unlock synergies within our client base. 

This is a great milestone for us and we are excited to build on this momentum” says Dave Murphy COO of Equiduct.

'We are delighted to connect to an additional platform that provides our clients with liquidity', says James Fairweather, Global Head of Global Execution Services. 'It nicely complements our European footprint '

About Equiduct

Equiduct is a market segment of Börse Berlin, a regulated market operator under article 44 of MiFID II. Equiduct offers best execution services for retail investors and institutional clients thanks to its Pan-European VBBO trading liquidity schemes. With more than 30 active participants, Equiduct offers cost-effective best-execution services on more than 1,000 European stocks from the UK, Italy, France, Netherlands, Belgium, Portugal, Spain, Nordics and Switzerland. Börse Berlin is regulated by the Competent Authority Senatsverwaltung für Wirtschaft, Energie und Betriebe – Börsenaufsichtsbehörde and participation in trading is governed by German and European law. The applicable Rules can be found in the downloads section on www.equiduct.com/en. The information contained in this document is for information purposes only.

 

About ABN AMRO Clearing

ABN AMRO Clearing (ABN AMRO Clearing Bank N.V.) is one of the world’s leading providers of clearing and financing services for listed derivatives and cash securities, OTC products, warrants, commodities and FX. With 11 offices globally employing more than 800 staff, ABN AMRO Clearing services clients on 160+ exchanges, MTFs and FX liquidity centres and consistently ranks as a top 3 clearer in most time zones. We consistently post over 20% market share of transactions cleared on most relevant derivatives exchanges globally. ABN AMRO Clearing offers an integrated approach to global transaction processing, financial logistics, risk management, custody and direct market access and processes over 16 million trades per day.

Media Contact

Tiffany Souresrafil

Tiffany.Souresrafil@equiduct.com

Phone: + 44 (0)20 3595 1518 


For full Press Release click here


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