Monday, 22 December 2014
Last updated 1 hour ago
Jul 27 2011 | 12:39pm ET
BNP Paribas has officially unveiled its global prime brokerage platform three years after buying Bank of America's prime brokerage business.
The French bank has spent those years expanding the former BofA unit's coverage from the U.S. to Europe and Asia. The growing platform now offers clients margin financing in 13 currencies and 31 markets.
"We wanted to come to market with a multifaceted platform that is global in nature and seamless in execution so we've designed it from the bottom up," Sam Hocking, head of global sales at BNP, said. "In looking at the bigger picture, we have created a platform that will anticipate the global needs of our clients."
BNP's prime brokerage, which already employs 350 people, plans to add staff in the U.S. Asia, and Europe over the court of the next year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.