SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced BNP Paribas North Asia has gone live on SS&C's TradeThru, the leading trade processing solution for commercial banks, central banks and corporate treasuries, for enhanced flexible reporting and operational efficiency gains.
BNP Paribas, a SS&C client since 1989, uses TradeThru to process BNP Paribas' Securities, Money Markets, Foreign Exchange and Derivatives asset classes. The North Asia implementation, servicing Manila, Seoul, Taipei, Shanghai and Beijing, follows Mumbai and Geneva as the third BNP Paribas implementation to successfully migrate to TradeThru. Following the go live date, approximately 170 BNP Paribas professionals use TradeThru in five North Asia offices.
"We are now moving towards our goal of operational excellence, and our latest investment in TradeThru for our North Asia operations is another step in sustaining our long-term relationship with SS&C," said Nicolas Hazebrouck, head of IT asset liability management and local foreign exchange back-office. "TradeThru is helping us introduce more consistency and efficiency around our trading operations and client service."
"The continuing transition to TradeThru represents a significant progression in our relationship with BNP Paribas," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "With deep domain experience in the banking and asset management industry with a focus on customized delivery models, SS&C helps BNP deliver continuing operational improvements."