ABN Amro suffers $200m loss as another strat bites the dust

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By Jasper Cox, Ross Lancaster
26 Mar 2020

Another derivatives strategy has fallen foul of volatile trading conditions, as ABN Amro on Thursday declared a $200m net loss as a result of the blow-out of a client’s positions.

The US client, which had positioned for a strategy using US options and futures, was unable to meet the clearing bank’s minimum risk and margin requirements “following extreme stress and dislocations in US markets”, ABN Amro said. The bank decided to close out the client’s positions.

The loss ...

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