BNP Paribas Securities Services has launched its global ‘Dealing Services’ solution in the UK, with the aim of providing institutional investors access to a global network of dealing teams covering all asset classes.
The outsourced dealing solution is described as broker-neutral, and designed to meet an industry trend towards outsourcing from asset managers and owners.
Carl James, managing director of BNP Paribas Dealing Services UK, said that a proliferation 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."
“As dealing services solely focuses on this search for liquidity across all markets and all asset types, we are looking to become the dealing solution to buy-side clients’ needs. We see a real opportunity to improve investment returns by offering a better-equipped outsourced dealing desk, a new approach to the conventional in-house dealing practices.”
The opening of the London branch of BNP Paribas Dealing Services augments its established presence in Paris and in Asia from its Hong Kong dealing desk.
