BNP PARIBAS SECURITIES SERVICES LAUNCHES ‘ClearSuiteSM’ THE INTEGRATED SOLUTION FOR BROKER-DEALERS
BNP Paribas Securities Services will launch a fully integrated broker-dealer service solution called ClearSuiteSM.
The 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 more than 90 markets worldwide, including multiple trading venues. By fully integrating a modular group of back office applications ClearSuiteSM claims to 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 Multilateral Trading Facilities and supports an open architecture to accommodate the integration of other market trading platforms that could potentially develop.
“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,” says 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,” says Philippe Ruault, head of ClearSuiteSM product.