The new banks joining the platform are:
- OnVista Bank GmbH, Germany
- Self Trade Bank SA, Spain
- Hello Bank!, BNP Paribas Austria AG, Austria
- Raiffeisenbank a.s., Czech Republic
This follows news last year that Avanza Bank AB of Sweden, Netfonds Bank AS of Norway, and Banco de Investimento AG of Portugal had joined the platform.
“Expanding the broker-to-custody global model to include the US has enhanced the bank’s position as a key provider to international broker-dealer and banking clients. Our clients have greatly benefited from the platform’s effectiveness, flexibility and ease of use. We are delighted to work with these four new clients.”
Florent Thiry, Head of the Financial Intermediaries & Corporates Client Line, Americas,
at BNP Paribas Securities Services
This flexible, transparent and operationally efficient model offers US-based settlement and custody services through BNP Paribas, as well as order entry, routing, monitoring and execution through the client’s broker. Fully automated processes reduce the risk of order mismatch, paving the way for a more streamlined settlement system.
BNP Paribas Securities Services, a leading global custodian with USD 9.5 trillion in assets under custody, launched its US custody offering in 2012 to provide post-trade services to international banks, brokers and institutional investors seeking access to the US market.
For the second year running, BNP Paribas Securities Services achieved the highest local market scores in the US in Global Custodian's Agent Banks in Major Markets survey.
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About BNP Paribas Securities Services (www.securities.bnpparibas.com)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.