BNP Paribas to provide clearing and settlement for mid-cap house

BNP Paribas Securities Services (BNPP SS) has been appointed to provide clearing and settlement for independent corporate broker, advisor and trading house Peel Hunt LLP.

Peel Hunt is focused on UK mid and small caps, providing research, sales, trading and broking services.

As part of its mandate, BNPP SS will provide the firm with a single agent solution for clearing and settlement across more than 100 markets. Peel Hunt will also receive a synthetic value at risk solution including pooled cash solutions and a consolidated view of risk across all activities for collateral optimisation.

Sunil Dhall, chief financial and operating officer at Peel Hunt, said: “We were impressed with the robust service offering from BNP Paribas Securities Services, which provides a harmonised clearing offering for all trading venues and a tailor made set-up that meets our needs.”