Hedge Funds

BNP Paribas unveils global prime brokerage platform, eyes growth

by

BNP Paribas Corporate and Investment Banking has launched a global prime brokerage platform. The new service will enable the firm to clear and custody assets in virtually every market globally, as well as offer margin financing in 31 markets and in 13 currencies.

The platform has been developed by the firm’s global equities and commodities derivatives team. It enables BNP clients to now trade in non-US securities, receive non-US reporting and gain access to financing in non-US jurisdictions.

“We wanted to come to market with a multifaceted platform that is global in nature and seamless in execution so