GL TRADE previously processed part of the BNP Paribas Group’s transactions using its listed derivatives back-office solution, UBIX, but now deploys UBIX throughout the entire BNP Paribas platform.
UBIX was chosen as the global back-office platform for the purpose of managing BNP Paribas Arbitrage’s organised derivatives business on the commodities and energy markets.
BNP Paribas Arbitrage’s UBIX technical platform, located in Paris, will house the derivatives businesses of both BNP Paribas Commodities Futures Ltd and BNP Paribas Commodities Inc. BNP Paribas is interested in focusing on the commodities markets and the energy markets, and therefore chose to adopt the UBIX application.
“We are thrilled that a banking group such as BNP Paribas has selected our back-office management solution. UBIX will allow each entity to be independent in terms of management, while streamlining technical implementation costs,” says Laurent Jacquemin, global head of post-trade derivatives for GL TRADE
GL TRADE is a major stakeholder in the field of futures and options, as demonstrated by its revenue, markets coverage, R&D resources and its number of clients worldwide.