ABN AMRO began the New Year by splitting its equity derivatives proprietary and flow derivatives business to form two separate desks. Florian Hellen is head of flow trading. The head of the prop desk could not be determined by press time. Alex Evans, spokesman at ABN AMRO, declined comment.
The Dutch house is expecting volumes to increase as the equity market rallies and the reorganization will help traders manage the increased business, according to an official.
