17 October 2016 – Chicago, USA; London, UK – BNP Paribas Corporate and Institutional Banking today announced that it has consolidated its global listed derivatives services onto a single, standardised platform hosted by Fidessa.
The bank has moved its trading of exchange traded derivatives onto Fidessa’s order and execution management system. The platform connects the bank’s clients to major exchanges and trading venues across the globe and acts as a central hub for risk management.
The bank’s institutional investors and corporate clients can leverage BNP Paribas’ market infrastructure, available 24 hours a day, to manage their listed derivatives trading needs. The platform’s open architecture ensures clients can submit orders through single- and multi-dealer platforms, as well as via traditional voice means.
Raphael Masgnaux, global co-head of Prime Solutions & Financing and G10 Rates, BNP Paribas, said: “If you look across derivatives markets, the trend is towards more listing of products on exchanges and increased centralised clearing, and yet there are fewer global banks around today which can provide the full range of services.
“We’re pleased to confirm that we’re fully committed to the business. We’ve been clearing for more than 30 years and we have a longstanding tradition of expertise in derivatives. We’ve invested in the best available platform which should bring immediate improvements for our clients and important future-proofing. It will also reduce costs for BNP Paribas and boost productivity, and we’re pleased to be working with Fidessa which has a long history of success and reliability in this business.”
The platform went live for major institutional investor clients in July and is fully integrated with BNP Paribas’ clearing systems.
Listed derivatives clearing and execution is offered through BNP Paribas’ Prime Solutions & Financing business line. The bank also offers financing, global and sub-custody of assets, fund administration, prime brokerage and collateral management.
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About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
About BNP Paribas Corporate and Institutional Banking
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) (www.cib.bnpparibas.com) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.