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BNP Paribas Launches Integrated Solution For Broker-Dealers

Paul A Adams Geneva 21 September 2007

BNP Paribas Launches Integrated Solution For Broker-Dealers

BNP Paribas has launched a fully integrated broker-dealer service solution "ClearSuiteSM" that combines clearing, settlement and custody services with a full range of outsourcing capabilities for the financial intermediaries market segment. ClearSuiteSM 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 ClearSuiteSM is able to greatly simplify the client relationship to a single point of contact and only a single contractual agreement. 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 Patrick Colle, head of Clearing, Settlement and Custody product.

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