Paris / London – BNP Paribas announced today the launch of a fully integrated broker-dealer service solution ‘ClearSuite'. The comprehensive product package combines clearing, settlement and custody services with a full range of outsourcing capabilities for the financial intermediaries market segment.
The ClearSuite solution is able to process trades of all asset classes in over 90 markets world wide including multiple trading venues. By fully integrating a modular group of back office applications ClearSuite is able to greatly simplify the client relationship to a single point of contact and only a single contractual agreement.
Through ClearSuite BNP Paribas can offer broker-dealers the strength, resources and risk-management capabilities that come with one of the world's leading financial groups.
The modular flexibility of this platform allows broker-dealers of all sizes and complexities to ‘pick and choose' from a full range of integrated services including global execution services, clearing of listed derivatives and a host of liquidity management services.
The platform includes connectivity to provide trade processing on MiFID compliant Multi-lateral Trading Facilities and supports an open architecture to accommodate the integration of other market trading platforms which could potentially be developed in the future.
"With MiFID around the corner, we are excited to be leading the industry by introducing innovative services for broker-dealers. Our aim is to offer them an integrated and evolving solution underpinned by our commitment to link to new trading venues", said by Patrick Colle, Head of Clearing, Settlement and Custody product.
"ClearSuite is the perfect complement to our existing products since we can now service a broader range of broker-dealers while expanding our service capabilities for our existing clients as they expand", Philippe Ruault, Head of ClearSuite product.
BNP Paribas Securities Services
BNP Paribas Securities Services (www.securities.bnpparibas.com) is a worldwide leading securities services provider to the world's financial institutions, with a local presence in all key European markets as well as in the US and Australasia. With 4,675 dedicated staff in 20 countries, BNP Paribas Securities Services has over 800clients, including 8 of the world's top 10 investment managers, and a global custody network covering 91 markets. It holds over EUR 3.96 trillion of assets under custody (June 2007) and EUR 825 billion of assets under administration for 6,125 funds worldwide. The bank also provides performance, attribution and risk-management analysis for 2,900 investment portfolios, and in 2006 processed over 32 million securities transactions.
About BNP Paribas
BNP Paribas (www.bnpparibas.com)is a European leader in global banking and financial services and is one of the 5 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with 155,000 employees, including 123,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
The ClearSuite solution is able to process trades of all asset classes in over 90 markets world wide including multiple trading venues. By fully integrating a modular group of back office applications ClearSuite is able to greatly simplify the client relationship to a single point of contact and only a single contractual agreement.
Through ClearSuite BNP Paribas can offer broker-dealers the strength, resources and risk-management capabilities that come with one of the world's leading financial groups.
The modular flexibility of this platform allows broker-dealers of all sizes and complexities to ‘pick and choose' from a full range of integrated services including global execution services, clearing of listed derivatives and a host of liquidity management services.
The platform includes connectivity to provide trade processing on MiFID compliant Multi-lateral Trading Facilities and supports an open architecture to accommodate the integration of other market trading platforms which could potentially be developed in the future.
"With MiFID around the corner, we are excited to be leading the industry by introducing innovative services for broker-dealers. Our aim is to offer them an integrated and evolving solution underpinned by our commitment to link to new trading venues", said by Patrick Colle, Head of Clearing, Settlement and Custody product.
"ClearSuite is the perfect complement to our existing products since we can now service a broader range of broker-dealers while expanding our service capabilities for our existing clients as they expand", Philippe Ruault, Head of ClearSuite product.
BNP Paribas Securities Services
BNP Paribas Securities Services (www.securities.bnpparibas.com) is a worldwide leading securities services provider to the world's financial institutions, with a local presence in all key European markets as well as in the US and Australasia. With 4,675 dedicated staff in 20 countries, BNP Paribas Securities Services has over 800clients, including 8 of the world's top 10 investment managers, and a global custody network covering 91 markets. It holds over EUR 3.96 trillion of assets under custody (June 2007) and EUR 825 billion of assets under administration for 6,125 funds worldwide. The bank also provides performance, attribution and risk-management analysis for 2,900 investment portfolios, and in 2006 processed over 32 million securities transactions.
About BNP Paribas
BNP Paribas (www.bnpparibas.com)is a European leader in global banking and financial services and is one of the 5 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with 155,000 employees, including 123,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.