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 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
FINOS Launches Fluxnova with Fidelity Investments, NatWest Group, Deutsche Bank and Capital One - An Open Source Orchestration Platform to Scale Process Automation21.10.2025 18:00:00 CEST | Press release
Announced at the Open Source in Finance Forum (OSFF), Fluxnova empowers financial institutions to modernize their infrastructure, reduce vendor dependency, and build long-term industry resilience. NEW YORK CITY, NY / ACCESS Newswire / October 21, 2025 / The Fintech Open Source Foundation (FINOS), the foundation of open innovation in financial services, today announced the launch of Fluxnova, an open orchestration platform developed in partnership with Fidelity Investments, NatWest Group, Deutsche Bank, and Capital One. Fluxnova delivers audit-ready workflows at scale, helping institutions visualize and automate their processes. By doing so, companies are better positioned to modernize operations and maintain strong governance across their processes. Fluxnova offers developers a toolkit for designing and deploying Business Process Model and Notation (BPMN) and Decision Model and Notation (DMN) models with a high-performance engine to execute and trace workflows. Business teams gain tran
Foundry Welcomes Gregory Anderson as Global Chief Revenue Officer21.10.2025 15:00:00 CEST | Press release
Global Sales Leader to Drive Unified Strategy and Accelerate Customer-Centric Growth NEW YORK CITY, NY / ACCESS Newswire / October 21, 2025 / Foundry, the leading global tech media, data, and marketing services company, is thrilled to announce the appointment of Gregory Anderson as Global Chief Revenue Officer (CRO). With two decades of proven success driving sales performance across technology and media sectors, Anderson joins Foundry with a clear focus on enhancing the buyer journey and accelerating strategic growth globally. Anderson joins Foundry from Informa TechTarget, where he most recently served as Chief Sales Officer at Omdia. During his tenure, he held several other key leadership roles, including positions leading sales and the integration of major acquisitions such as BrightTALK and Enterprise Strategy Group (ESG). He also spent eight years as VP of Sales for APAC at Informa TechTarget, where he helped expand regional operations. "We are thrilled to welcome Greg to the Fou
Air T Enters into Agreement with Regional Express Holdings Limited21.10.2025 12:00:00 CEST | Press release
MINNEAPOLIS, MINNESOTA / ACCESS Newswire / October 21, 2025 / Air T, Inc. (NASDAQ:AIRT) has entered into a Sale and Implementation Deed (SID) with the Administrators of Regional Express Holdings Limited (Administrators Appointed) and certain of its subsidiaries (Rex), which operates the leading regional airline in Australia. Air T expects to close the acquisition of Rex by year-end if creditor and other approvals are obtained. Air T has been working closely with the Administrators and the Australian Government, Rex's secured lender, to develop a solution that best serves the interests of all stakeholders. To support the implementation of the acquisition, Air T and the Commonwealth of Australia have entered into an agreement pursuant to which Rex's financing arrangements will be restructured in connection with the acquisition. The proposed acquisition contemplates a continuation and growth of Rex's regional airline business and continuing employment for its workforce. Rex plays an essen
Ubiquity Strengthens European Leadership with Appointment of Megan Porter as EVP, UK & Europe21.10.2025 09:00:00 CEST | Press release
Appointment underscores Ubiquity's continued investment in Europe, expanding onshore and offshore CX delivery to support global clients with scalable, multilingual solutions. LONDON, GB / ACCESS Newswire / October 21, 2025 / Ubiquity, a global provider of customer experience (CX) and business process outsourcing (BPO) solutions, today announced the appointment of Megan Porter as Executive Vice President, UK & Europe. In her new role, Porter will lead regional growth efforts, build local partnerships, and represent Ubiquity's expanding presence across the UK and wider European markets. The appointment comes as Ubiquity continues to accelerate its investment in the region with the opening of its Sheffield, UK delivery centre, expanding capacity to support onshore programmes for fintech, healthcare, insurance, and e-commerce clients. This expansion complements Ubiquity's nearshore and offshore capabilities across Accra, Ghana, and Eastern Europe, providing flexible, multilingual support t
Clean Air Metals Drilling Confirms Down-Plunge Extension of the Escape Deposit20.10.2025 13:00:00 CEST | Press release
THUNDER BAY, ON / ACCESS Newswire / October 20, 2025 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSX.V:AIR)(FRA:CKU)(OTCQB:CLRMF) is pleased to announce that its 2025 summer drilling program at the Company's 100%-owned Thunder Bay North Critical Minerals Project ("TBN") has confirmed the continuation of the Escape Deposit into a previously untested 2.5 km long magnetic anomaly that connects to the known mineral resources. The single hole completed during this program intersected high-tenor sulphide mineralization having comparable thickness and metal grades to the existing Escape Deposit resource. Given its significant size, the Escape down-plunge target represents the highest potential resource addition opportunity for the TBN project. Assay highlights from hole EL25-001: 53 m of 0.52 g/t Pt, 0.69 g/t Pd, 0.26% Cu and 0.17% Ni(from 404 m downhole, including 0.84 g/t Pt, 1.12 g/t Pd, 0.41% Cu and 021% Ni over 22 m from 411 m, and 1.08 g/t Pt, 1.41 g/t Pd, 0.52% Cu an
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