ABN AMRO Clearing Bank (AACB) and Levi9 Technology Services are collaborating to open an IT hub in Romania to better serve AACB clients via “global, high-end, and fast solutions,” officials say. The hub, based in Iași, Romania, will bring together Levi9 and AACB staff who will focus on “multiple IT applications and infrastructure,” officials say…. Read More >>
Layoffs Are Key to ABN Amro’s Digital Transformation
Dutch banking giant ABN Amro will begin a two-year staff trimming process that will reduce its global workforce by 15 percent — a key part of an $840 million streamlining said to be essential to its digital transformation, according to an announcement on Nov. 30. Media outlets and financial markets analysts have estimated that the… Read More >>
Major Players Test Blockchain/DLT for Margining
ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq report that they have successfully tested an implementation of distributed ledger technology (DLT) for a margin call between a global capital markets firm and a central clearing counterparty, earlier this month. The test was part of a joint proof of concept (POC) effort to explore ways to “make… Read More >>
ABN AMRO Clearing to Use Fidessa Execution Services
A clearing and financing services provider ABN AMRO Clearing (AAC) is working with trading systems vendor Fidessa to offer managed, cross-asset execution services to AAC clients via a new deal between them. The new link would provide AAC clients with low-latency access to more than 110 futures, options, equities and foreign exchange (FX) markets globally,… Read More >>
