|
BNP Paribas Fin’Ams, the buy-side dealing desk of the group that serves internal and external clients, offering multi-asset class dealing, securities lending and equity swaps, is installing a new Order and Execution Management System (OEMS) from Fidessa LatentZero
The Minerva OEMS from Fidessa LatentZero will be deployed across BNP Paribas’ UK, US and Asian operations over the coming months, providing real-time position keeping, P&L portfolio analysis and drill down capabilities, order workflows, and pre- and post-trade investment compliance.
Commenting on the thinking behind the installation, Franck Chatillon, BNP Paribas Fin’Ams CEO, explains: “Within the scope of our multi-asset class dealing activity, we wanted and needed to implement a single platform that enabled us to collect and manage any type of orders (retail or institutional flows), from any source, (interface to 10 portfolio systems), and across every asset class (equities, fixed income, forex, derivatives). Furthermore, it was vital for us to be connected to all of our brokers, counterparties and major liquidity venues for real-time electronic trading via FIX. Following a detailed evaluation process of a number of leading vendors, we decided to go with Minerva OEMS, fully integrated with the managed LatentZero FIX Trading Network. I believe our customers will benefit from this new infrastructure – while they concentrate on their core business, Fin’Ams will provide them with the best access to liquidity and a large range of execution modes."
|
