London Stock Exchange welcomes BMO Capital Markets celebrating the launch of Electronic Trading in Europe.

BMO Financial Group is a highly diversified global financial services provider based in North America. BMO is bringing its Electronic Trading Operations to EMEA Markets, launching its electronic trading services for institutions and broker-dealers. 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 service and grow the 120+ broker-dealer Clearpool client base currently leveraging the AMS software technology.

The EMEA region's launch is the latest proof point in BMO’s Digital First commitment to focus on speed, efficiency, and scale to accelerate client loyalty and growth globally. The ongoing electronification of European equities, the fragmentation of markets, and the evolving market microstructure presents an opportune environment to bring our global electronic trading distributed architecture and data center footprint optimized for minimal latency to the EMEA markets. BMO is committed to transforming electronic trading globally. We believe the EMEA markets can benefit from our market structure expertise, a greater level of transparency and control over routing protocols, and advanced trading analytics and tools to execute more efficiently. BMO has recently added several senior hires to its electronic trading team, based in London and led by Michael Green, COO and head of EMEA Electronic Trading.

Joe Wald, Managing Director and Co-Head of Electronic Trading, BMO Capital Markets, said:

“Our goal is to expand our capabilities to institutions and broker-dealers in EMEA”. “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.”

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