BNP Paribas appointed by ViewTrade 23 February 2011London Reporter: Ben Wilkie
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BNP Paribas Securities Services has been selected to provide global trade processing services to ViewTrade Securities. ?
BNP Paribas Securities Services will provide ViewTrade with correspondent clearing and custody services through its US-registered broker dealer BNP Paribas Securities Corp.
In addition, ViewTrade will benefit from access to BNP Paribas Securities Services’ clearing and custody services network in more than 80 countries. This is a key strategic advantage considering ViewTrade’s growing client base in Europe, the Middle East, Asia and South America.
?“After conducting a thorough evaluation of the market for correspondent clearing and custody service providers, BNP Paribas Securities Services emerged as the outstanding choice based on its superior service offering, expertise and overall ability to meet our needs,” said James StClair, president and co-founder of ViewTrade. ?
“We are enthusiastic about exploring the joint opportunities that the BNP Paribas relationship presents to both our firm and to our global clientele” added Robert Dombrowski, co-founder of ViewTrade. ??
Christina Feicht, BNP Paribas’ head of securities services North America added: “BNP Paribas is excited to have been appointed by ViewTrade to provide correspondent clearing services in the United States. Clearing is one of our flagship products and I am pleased that this is increasingly being recognised.”??
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