BNP Paribas Securities Services picks up dealing contract with Neuflize OBC
BNB Paribas Securities Services has signed an outsourcing agreement with ABN Amro Group subsidiary Neuflize OBC to provide buy-side dealing services in equities, ETFs, derivatives and bonds for institutional and private clients.
BNPP’s Dealing Services platform has specialist traders based in Paris, London and Hong Kong. The platform operates ‘best execution’ via an open architecture platform, which has over 150 brokers across all asset classes.
Carl James, managing director of BNP Paribas Dealing Services UK, said: “This new partnership with Neuflize OBC will enable different management entities to benefit in full from the value-add we can bring to managing private and institutional orders. The fact that we have been chosen to partner with such a prestigious and innovative company for an operation of this magnitude is a clear reflection of the successful fit of our multi-broker and multi-asset class offer with today’s market environment”.
Yann Charraire, head of Marketing, Products and Solutions and member of the Executive Committee at Neuflize OBC, said: “We chose to work with BNP Paribas Securities Services to enable us to focus exclusively on managing our core business activities, whilst benefiting from a better access to liquidity and solidity offered by a major group. We are confident that the Dealing Services platform has a valuable contribution to make to our future development across all of our asset classes, markets and clients”.