Bank of Montreal Financial Group
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 ACCESSWIRE
Subscribe to releases from ACCESSWIRE
Subscribe to all the latest releases from ACCESSWIRE by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESSWIRE
INFORMA MARKETS - INFRASTRUCTURE AND CONSTRUCTION28.3.2024 16:43:42 CET | Press release
JLC LIVE New England Draws Nearly 9,000 Industry Professionals to Learn from Expert Builders and Discover Products Shaping the Dynamic Residential Construction Sector
mymediset28.3.2024 12:12:56 CET | Press release
mymediset LiveSync: mymediset and Terso Solutions Announce a New Partnership to Deliver a Revolutionary Supply Chain Platform for Live Consignment Tracking and Automation
Innodata Inc.27.3.2024 14:03:46 CET | Press release
Innodata to Host Webinar on Safeguarding LLM Deployment: Model Evaluation and Red Teaming
Corsair group27.3.2024 11:07:11 CET | Press release
COUNT Energy Trading and Corsair Group International Make Strides with Finnish Plastic Waste Advanced Recycling Plant
Treasury Intelligence Solutions26.3.2024 14:54:13 CET | Press release
TIS Has Signed Binding Agreement With Marlin Equity Partners to Secure a Majority Growth Investment
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