ABN AMRO Clearing joins BM&F/Bovespa
09 June 2015 Amsterdam
Image: Shutterstock
ABN AMRO Clearing has been admitted as a carrying broker and clearing member of the derivatives segment on the Brazilian exchange BM&F/Bovespa, clearing its first transaction earlier in 2015.
ABN AMRO Clearing has been providing access to the Brazilian market through a local partner for its clients since 2013.
The approval of the clearing membership for derivatives has been hailed by ABN AMRO Clearing as an 鈥渋mportant step鈥� in establishing itself as a local intermediary.
Acting as a direct participant in the market infrastructure creates processing efficiencies and permits the bank to offer competitive pricing to its clients.
Jan Bart de Boer, chief commercial officer at ABN AMRO Clearing, commented: 鈥楾he clearing of Brazil derivatives seamlessly fits into our global clearing offering. It delivers capital efficiencies to our clients and allows them to improve their leverage capacity and optimise their need for collateral.鈥�
鈥淎BN AMRO Clearing will continue to improve its services for its clients鈥� needs and make them globally more competitive.鈥�
Guided by client demand ABN AMRO Clearing has continued to invest in a bid to extend its offering in both exchange-traded and over-the-counter products, as well as covering the additional execution venues relevant to grow its clients鈥� businesses.
ABN AMRO Clearing has been providing access to the Brazilian market through a local partner for its clients since 2013.
The approval of the clearing membership for derivatives has been hailed by ABN AMRO Clearing as an 鈥渋mportant step鈥� in establishing itself as a local intermediary.
Acting as a direct participant in the market infrastructure creates processing efficiencies and permits the bank to offer competitive pricing to its clients.
Jan Bart de Boer, chief commercial officer at ABN AMRO Clearing, commented: 鈥楾he clearing of Brazil derivatives seamlessly fits into our global clearing offering. It delivers capital efficiencies to our clients and allows them to improve their leverage capacity and optimise their need for collateral.鈥�
鈥淎BN AMRO Clearing will continue to improve its services for its clients鈥� needs and make them globally more competitive.鈥�
Guided by client demand ABN AMRO Clearing has continued to invest in a bid to extend its offering in both exchange-traded and over-the-counter products, as well as covering the additional execution venues relevant to grow its clients鈥� businesses.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
