BNP Paribas Securities Services partners with Bloomberg for data services
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BNP Paribas Securities Services partners with Bloomberg for data services 10 May 2023US Reporter: Jenna Lomax
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BNP Paribas Securities Services has merged its asset servicing capabilities with Bloomberg鈥檚 AIM, a buy-side order management system.
The combined solution will provide mutual clients with standardised data connectivity to support trade management.
The offering will deliver real-time post-trade workflows, connectivity from automated trade instruction capture as well as status updates and end-of-day recaps.
By utilising the solution, mutual clients will benefit from increased transparency along the lifecycle of a transaction, says BNP Paribas.
They will also be able to reduce their manual touchpoints and minimise post-trade risk and costs, it adds.
Valerie Bol茅a Waeterloos, head of middle office transaction management product at BNP Paribas Securities Services, says: 鈥淲e are aiming to provide the best client experience, by facilitating our client鈥檚 daily journey in the transaction management space as well as accelerating the onboarding of any change in their investment strategy.鈥�
Katia Falina, head of buy-side post trade product, Bloomberg, comments: 鈥淏loomberg is focused on establishing direct integrations with asset servicers to promote increased data accuracy across the trade lifecycle and assist our clients in making timely and accurate business decisions.
鈥淎s our clients evolve, we aim to innovate with them, and we鈥檙e pleased to now offer a seamless end-to-end workflow experience with the mutual clients we share with BNP Paribas鈥� Securities Services business. The Bloomberg team looks forward to working closely with them to serve our clients through this new integration.鈥�
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