- Approval enables BMO to conduct primary and market making
activities in UK Gilt securities
TORONTO, Jan. 12, 2024 /PRNewswire/ -- BMO (TSX: BMO)
(NYSE: BMO) today announced that it has been designated as a retail
Gilt-edged Market Maker (GEMM) effective January 15, 2024. As an accredited
retail GEMM, BMO will be participating in the UK Government's
Gilt auctions and will act as a market maker for Gilt securities.
In due course, BMO also intends to become a UK Treasury bill
Primary Participant.
"We are excited to announce BMO's new designation as an
accredited retail GEMM, enabling us to meet the evolving needs of
our global clients in the UK Gilt market," said Summer Hinton, Head, Global Markets
International, BMO Capital Markets. "BMO has been doing business in
the UK since 1870 and this designation allows us to reiterate our
commitment to the UK Fixed Income market and is a natural extension
of our Global Rates business".
About BMO Financial
Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.3 trillion as of October 31, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
society.
Media Enquiries: Kelly Hechler,
Toronto: kelly.hechler@bmo.com,
(416) 867-3996
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