BNP Paribas Arbitrage to implement GL Trade's Ubix

Paris-based vendor GL Trade says BNP Paribas Arbitrage is rolling out its derivatives back office technology Ubix.

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BNP Paribas Arbitrage to implement GL Trade's Ubix

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GL Trade says the technology will be installed at BNP Paribas Arbitrage's Paris operations and support the bank's commodities futures operations in Lonsdon and commodities unit in New York.

Laurent Jacquemin, global head of post trade derivatives, GL Trade, says: "Ubix will allow each entity to be independent in terms of management, while streamlining technical implementation costs."

The Paris-based vendor acquired the Ubix technology when it bought out local vendor Ubitrade in December 2004.

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