Share page with AddThis

News

ABN Amro launches fractional trading service in Europe

Trader screensDutch bank ABN Amro has launched a trading infrastructure that will allow brokers to offer fractional trading for their investor clients.

This enables investors to buy part of a share, an ability that is expected to add liquidity and accessibility to illiquid and niche assets.

While fractional investing has been commonplace in the US, it is still relatively rare in Europe. However, according to ABN Amro Clearing’s chief executive Rutger Schellens, new technology is enabling more opportunities for customised investor services.

For example, tokenisation has been cited as a technology that allows fractional trading.

Dutch neobroker BUX is ABN Amro Clearing’s first client to take up the new service and has recorded more than ten thousand fractional investments in the first nine days since launching the service.

“The launch of fractional investing marks an important new chapter in the normalisation of investing in Europe,” said Yorick Naeff, chief executive at BUX.

©2022 fundsTech

Most read features

Cryptocurrencies: Solving crypto’s sustainability problem

Cryptocurrencies like bitcoin have a huge carbon footprint but, as Nicholas Pratt discovers, environmentally friendly alternatives exist.

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Proxy voting: Making every vote count

With stewardship more important than ever and digital technology to the fore, surely it is time to solve the problem of proxy voting? Nicholas Pratt investigates.

Interview: Rise of the robo-adviser

FundsTech talks to Nutmeg’s CTO, Matt Gatrell, about the role of technology in its online offering.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Sponsored Profiles

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...

Sponsored profile: A question of trust

AcrobatsAs more firms adopt agile software development practices, Petra Roche of Metrosoft explains why trust is so important in making agility work.

Sponsored feature: Compliance and the case for agility

CheetahFundsTech talks to Janusz Lorenc, CEO of Metrosoft, about asset managers’ approach to compliance risk and the case for agile software development.