ABN AMRO Bank in the next several months is moving a team of about four traders covering U.S. equity derivatives to New York from London. The move is designed to combine the trading group with a marketing team already in the U.S. Having traders on the ground makes working with marketers easier logistically, and brings them closer to the market and market information, said Eelco Rooimans, global head of equity derivatives trading in London.
The group started in London because it is the bank's global hub of equity derivatives trading, but now that it has sufficient revenue and experience, it can move to New York. No new hires are planned as a result of the move.
ABN is a niche player in U.S. equity derivatives. "It's not our intention to go out there and kill the big boys," said Rooimans.
