Bank of Montreal Financial Group
10.5.2022 20:08:35 CEST | ACCESS Newswire | Press release
NEW YORK, NY and LONDON, UK / ACCESSWIRE / May 10, 2022 / BMO Financial Group (BMO) (NYSE:BMO)(TSX:BMO) today announced the expansion of its electronic trading footprint in Europe, Middle East, and Africa (EMEA), launching its electronic trading services for institutions and broker-dealers outside of North America for the first time.
As part of its ongoing commitment to being Digital First, BMO is focused on driving speed, innovation, and efficiency by leveraging technology, data and analytics to drive customer growth and deepen relationships.
BMO acquired Clearpool Group in 2020 to accelerate the development of its electronic trading solutions for the modern market microstructure across multiple asset classes and regions. Prior to the acquisition, BMO leveraged the Clearpool Algorithmic Management System (AMS) for its institutional electronic trading offering. Post-acquisition, in the U.S. and Canada, BMO's institutional electronic trading has continued to gain momentum amongst asset managers and hedge funds. BMO continues to invest and add resources to leverage the AMS and bring a uniquely differentiated offering to institutions, while continuing to serve and grow the 120+ broker-dealer Clearpool client base currently leveraging the AMS software technology.
"Our goal is to expand our capabilities to institutions and broker-dealers in EMEA," said Joe Wald, Managing Director and Co-Head of Electronic Trading, BMO Capital Markets. "The European markets have many of the same trading technology needs as North American markets that we have been able to successfully address. Our expertise in market microstructure and developing financial technology puts us in a great position to have an outsized, positive impact. We're excited to bring solutions to market participants and help navigate the ever-changing markets in Europe, the Middle East and Africa."
Launching in the EMEA region is part of BMO's Digital First commitment to focus on speed, efficiency and scale to accelerate client loyalty and growth. The total electronic offering, for institutions and broker-dealers, is best-in-class - demonstrated by BMO's recognition as the Best Sell Side Trading Desk at the Markets Media Choice Awards and Clearpool's recognition as Best Sell Side Trading Platform at the Water's Sell Side Technology Awards.
For institutions, BMO provides:
- An experienced team with deep market structure expertise
- The development of bespoke algorithms to meet client trading objectives
- Access to unique liquidity
- A data-driven and iterative approach to getting better executions for clients
For broker dealers, the Clearpool Algorithmic Management System provides:
- The ability to control unbiased and transparent routing protocols
- Pre-trade, intra-day and post-trade reporting tools
- Agency or service bureau execution models
- Modern technology stacks, co-located in EMEA and North America
- A user-friendly client portal
"Our global trading infrastructure has a distributed architecture and data center footprint that is optimized for minimal latency and designed locally to the regions we serve," said Michael Green, COO and Head of EMEA Electronic Trading. "Launching our product in EMEA is a testament to our team's dedication and commitment to transforming electronic trading globally."
BMO is working with speed and scale to drive progress for its clients, unlock the power of its people and deliver loyalty, growth and efficiency. In preparation for the launch, BMO has made prominent senior management, operations and sales hires in EMEA. New hires include: Michael Green, COO and EMEA Head of Electronic Trading; Yashar Asl, EMEA Electronic Sales; Kavel Patel, EMEA Electronic Sales; and Toby Benzie, EMEA Broker Dealer Sales. BMO has an established presence in London, Paris and Dublin and opened a new London office in January 2022.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.02 trillion as of January 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
Media Contact
Jamie Kemp
Caliber Corporate Advisers
jamie@calibercorporateadvisers.com
bmo@calibercorporateadvisers.com
Kelly Hechler, Media Relations
BMO Capital Markets
Kelly.hechler@bmo.com
SOURCE: Bank of Montreal Financial Group
View source version on accesswire.com:
https://www.accesswire.com/700638/BMO-Expands-Electronic-Trading-Operations-for-Institutions-and-Broker-Dealers-to-EMEA-Markets
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Chervon Names Devin Murray Director of Sales - Northern Division19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Devin Murray joins Chervon as Director of Sales - Northern Division, effective October 19, 2026, reporting to Thomas Kentouris, Vice President of Field Sales. Murray joins Chervon after completing a six-year fast track career in TTI sales and sales management. Most recently, he was a Key End User Account Manager for Milwaukee charged with growing the pro tool business with large end users. Murray's exceptional recruiting skills and leadership skills enabled him to build, manage and inspire highly effective sales teams at the store level. His account management prowess resulted in outstanding sales results and strong partnerships with multiple national accounts. "Early in his impressive career, Devin was identified as a high potential future superstar executive," said Thomas Kentouris. "His large end user pro tool experience is exactly what we need to help build our pro tool leadership position. His inspiring leadership skills combin
Chervon Names Krystle Adams Director of Sales Recruiting19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Krystle Adams joins Chervon as Director of Sales Recruiting, effective October 19, 2026, reporting to Matt DeFeo, SVP of Sales, Training and Recruiting. Over the past 9+ years, Adams has advanced through a series of increasingly responsible sales and recruiting positions at TTI. Earlier in her impressive career, Krystle distinguished herself as an outstanding sales representative and sales manager delivering consistently strong results. Most recently, she was a National Recruiting Operations Manager responsible for leading, coordinating, and implementing recruiting efforts across campuses nationwide. Krystle has demonstrated exceptional skills in developing and leading campus and field sales recruiting efforts. She also designed and executed a thriving national college internship program. "I feel incredibly fortunate to now have Krystle Adams in place to launch Chervon campus recruiting," said Matt DeFeo, SVP of Sales, Training and
Chervon Names Terry Lucero Director of National Accounts - Industrial19.10.2026 15:00:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / October 19, 2026 / Terry Lucero joins Chervon as Director of National Accounts - Industrial, effective October 19, 2026, reporting to Jeff Campbell, Senior Vice President of Industrial Commercial Sales. Lucero brings 25+ years of extensive experience in building professional tool businesses at national accounts, regional accounts, at the store level and at the end user level. Lucero started his career at Dewalt where he advanced through a series of sales, sales management and end user marketing positions over 5 years driving professional tool growth. Lucero went on to WW Grainger where he progressed through a series of business development and sales management positions. He was also a sales manager of professional equipment at United Rentals. Most recently, Lucero served as a director of sales at APEX Tool Group for the Americas. "Terry's impressive pro tool experience in industrial distribution, national account management and end user marketing make
Tenstorrent Announces a $1.5B Series E at a $6.2B Valuation19.10.2026 14:00:00 CEST | Press release
SANTA CLARA, CA / ACCESS Newswire / October 19, 2026 / Tenstorrent, the AI computing company, has closed $1.5B in Series E funding at a $6.2B post-money valuation. The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price*, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets. Tenstorrent will use the capital to deploy Galaxy servers at scale, continuing to serve open-weight models across LLMs and video generation, and advance the AI and CPU IP it licenses to customers designing their own silicon. Tenstorrent sells AI compute at every level of the stack - from a single card or workstation to racks, superclusters, and custom IP. With an open-source software stack, developers can run frontier models locally and enterprises can deploy mode
OxyDew Analyzer: One Compact Instrument, Two Critical Gas Measurements19.10.2026 08:00:00 CEST | Press release
NAVAN, IE / ACCESS Newswire / October 19, 2026 / DwyerOmega introduces the new Ntron OxyDew Analyzer, a fully integrated solution that combines oxygen and moisture dew-point measurement in a single, compact wall-mountable analyzer. The result: fewer instruments to install, wire, and maintain, without sacrificing the accuracy and reliability that critical gas quality monitoring demands. By uniting two proven sensing technologies in one instrument, OxyDew cuts equipment costs, simplifies installation, and reduces ongoing maintenance, all without compromising performance. Operators monitor oxygen concentration and dew point simultaneously through a 3-inch color touchscreen, giving them a single point of control instead of two separate systems. OxyDew is available now throughout Europe and Asia Pacific. Integrated Dual Measurement for Reliable Process Monitoring At the heart of OxyDew is the integration of the proven Ntron SenzTx Oxygen Transmitter and Michell Easidew Dew-Point Transmitter
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom