Interesting to see BNP launching a Broker neutral cross asset agency execution service for buyside firms.
The outsourced dealing solution is designed to meet an industry trend towards outsourcing from asset managers and owners, as they seek cost efficiencies in the face of heightened regulatory demands and increasing technology expenditure.
Carl James, managing director of BNP Paribas Dealing Services UK, says:
“The raft of regulatory requirements has, and will have a dramatic impact on markets, market infrastructure and their participants. We continue to see the search for liquidity get ever harder as markets fragment and banks withdraw further from putting balance sheets at risk.”
I am sure we will see this trend continuing.
Filed under: Best Execution, Dodd Frank, MiFid, Paul Blank |
SingleDealerPlatforms.Org 
Leave a Reply