Source: BNP Paribas
BNP Paribas announced today the launch of a fully integrated broker-dealer service solution 'ClearSuiteSM'. The comprehensive product package combines clearing, settlement and custody services with a full range of outsourcing capabilities for the financial intermediaries market segment.
The ClearSuiteSM 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 ClearSuiteSM is able to greatly simplify the client relationship to a single point of contact and only a single contractual agreement.
Through ClearSuiteSM 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.
"ClearSuiteSM 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 ClearSuiteSM product.