Designed to comply with industry trend towards outsourcing, the broker neutral, institutional outsourced dealing solution enables asset managers and owners to slash cost amid increasing regulatory demands and increasing technology expenditure.
BNP Paribas Dealing Services UK managing director Carl James said that the push of regulatory requirements has and will have an impact on markets, market infrastructure and their participants due to lack of liquidity in the market.
"As Dealing Services solely focuses on this search for liquidity across all markets and all asset types, we are looking to become the dealing solution to buy-side clients’ needs," James added.
BNP Paribas Securities Services UK head James McAleenan commented, "With our solution, clients keep their existing broker panel and relationships, but at the same time improving efficiency and cutting costs."
Launch of the London branch of BNP Paribas Dealing Services will further boost its global offering, as it already has an established presence in Paris and Asia from their Hong Kong dealing desk.
Most recently, the company has teamed with Swift, the global provider of secure financial messaging services, to boost its collateral protection services for corporate, buy-side and sell-side clients.
With operations in 80 nations, BNP Paribas has almost 200,000 staff and manages three core operations including retail banking, investment solutions and corporate & investment banking.
