Trading

HFTs set to benefit from ABN clearing move

Dutch broker will use the post-trade services provider EuroCCP to clear all of its UK equity trades

Thursday 10 March 2016 at 17:33

ABN Amro will use EuroCCP for all its UK equity trades
ABN Amro will use EuroCCP for all its UK equity trades

High-speed trading firms are set for a boost after one of their primary clearing brokers moved to capitalise on the cost savings on offer following the London Stock Exchange's decision to allow its members a wider choice of clearing provider.

ABN Amro Clearing is to use the pan-European clearing house EuroCCP to clear all of its UK equity trades, including those on LSE, from March 10 it said in a statement.