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 >>