Major banks adopt Droit fully-digitized MiFID II trade compliance solution LeapRate

March 28, 2018 BY Valentina Kirilova

Major banks adopt Droit fully-digitized MiFID II trade compliance solution

Six major global banks announced that they have adopted the first fully-digitized MiFID II trade compliance engine for the financial markets. The service from Droit Financial Technologies (Droit) was launched in January ahead of the MiFID II deadline, and instantly expands the ability of financial institutions to comply with the thousands of pages of MiFID…

September 19, 2017 BY Valentina Kirilova

OTC Clear welcomes BNP as its first clearing member from France

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that was set up in 2013 to provide clearing services for over-the-counter, or OTC, derivatives, welcomes BNP Paribas (BNP) as 17th clearing member and first member from France. We are pleased to welcome BNP as a member of…

July 18, 2017 BY admin

BNP Paribas gets second Forex fine in 2 months as Fed hits bank for $246m

The Federal Reserve Board yesterday announced that it will fine BNP Paribas S.A. and its U.S. subsidiaries $246 million for the firm's unsafe and unsound practices in the Forex markets. This follows the massive fine at the New York state level in May when the New York Department of Financial Services (NYDFS) fined the bank…

July 11, 2017 BY Valentina Kirilova

Euronext announces launch of DLT joint venture LiquidShare for SME post-trade

BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale with the support of Paris EUROPLACE announced the creation of the European fintech venture LiquidShare. This new independent startup is the fruit of a partnership launched by its shareholders in June 2016 to develop a post-trading blockchain infrastructure for the Small and Medium…

July 05, 2017 BY Valentina Kirilova

BNP Paribas, Goldman Sachs, Lloyds, UBS choose Droit for MiFID II trade engine

Five of world's leading financial institutions have committed to using Droit Financial Technologies as their choice for MiFID II trade compliance. The decision by BNP Paribas, Crédit Agricole CIB, Goldman Sachs, Lloyds and UBS represents a watershed in the industry search for a strategic solution in the run-up to the implementation of the new European…

May 24, 2017 BY admin

BNP Paribas receives $350m fine for manipulating forex rates

French bank BNP Paribas (BNPP) has today been struck with a $350 million USD fine by New York State's banking regulator. The bank is being held responsible for its Foreign Exchange “Cartel” manipulating foreign exchange rates, engaging in collusion, executing fake trades, coordinating trades to enhance profits at customers’ expense, and improperly sharing confidential customer…

May 15, 2017 BY admin

Tradeweb adds 4 more banks to MiFID II reporting service

Tradeweb Markets, a leading global provider of fixed income, derivatives and ETF marketplaces, announced that BNP Paribas, Credit Suisse, Morgan Stanley and Societe Generale are among the latest clients to join Deutsche Bank, Goldman Sachs and J.P. Morgan in selecting its Approved Publication Arrangement (APA) service. The Tradeweb APA allows firms to meet pre and post-trade transparency…

May 12, 2017 BY Valentina Kirilova

Eight new BNP Paribas ETCs from metals and energy sectors launched on Xetra

ETCs are tradable in USD and provide access to Rogers International Commodity Enhanced Indices (RICI) Eight new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra since Thursday, Deutsche Börse just announced. The new ETCs expand BNP Paribas' product range by giving investors access to the performance of…

April 19, 2017 BY Valentina Kirilova

Eight new BNP Paribas ETCs from metals and energy sectors launched on Xetra

ETCs provide access to Rogers International Commodity Enhanced Indices (RICI) commodity index family Eight new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. are tradable on Xetra and Börse Frankfurt since yesterday, Deutsche Börse AG announced. The ETCs give investors access to the performance of industrial and precious metals as well as…

April 11, 2017 BY Valentina Kirilova

Brent Crude Oil ETC from BNP Paribas launched on Xetra

ETC tracks performance of Brent crude and offers a currency hedge Deutsche Börse just announced that a new exchange traded commodity (ETC) issued by BNP Paribas Arbitrage Issuance B.V. has been tradable on Xetra and Börse Frankfurt since Tuesday. ETC name: EUR Hedged RICI Enhanced Brent Crude Oil Total Return Index ETC ISIN: DE000PB6REB0 Management…

Tag: BNP Paribas