London
18 January 2017
Reporter: Stephanie Palmer
Calypso and BNP Paribas in post-trade partnership
BNP Paribas Securities Services has partnered with Calypso Technology to provide a post-trade processing solution, including clearing, custody, and middle- and back-office services.

The solution will combine Calypso’s front-to-back architecture with BNP Paribas’s existing post-trade servicing capabilities, and is intended to provide a multi-asset class operating model for investment bank clients.

Services will include confirmations, fee and commission management, profit and loss reporting, data management, accounting, regulatory reporting and asset servicing.

According to BNP Paribas, the new offering comes as a response to new regulatory requirements, and the pressure on its clients to upgrade legacy platforms. A single provider can help clients to more effectively manage costs and risk, allowing them to extend their product range without the costs associated with new development.

Alain Pochet, head of clearing and custody services at BNP Paribas Securities Services, said: “This partnership comes as new regulatory requirements and the need to upgrade mature technology platforms are increasing our clients’ operating costs and prompting them to outsource post-trade functions. This is a growing trend.”

He added: “With this new platform backed by Calypso our clients will benefit from a cutting-edge, market-led technology that is continuously enhanced to meet the changing needs of our clients.”

Pascal Xatart, CEO of Calypso, said: “This alliance reflects the seismic change that is taking place in the capital markets.”

“Improvements in software-as-a-service technology have given banks a legitimate alternative to the status quo, and the benefits of working with a back office utility provider are substantial—reduced costs, decreased IT support, and simplified operations. Solutions like this one are exactly what the market needs.”

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Australian mandate win for RBC I&TS
08 March 2017 | Sydney | Reporter: Stephanie Palmer
RBC Investor & Treasury Services has won the mandate to provide custody and administration services to Uniting Financial Services in Australia
CACEIS to facilitate bitcoin fund investment
08 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Depository and transfer agent CACEIS is partnering with Bitstamp to allow fund promoters to accept bitcoin investments into investment funds
Silverfinch wins pan-European regulatory mandate
06 March 2017 | London | Reporter: Stephanie Palmer
International investment boutique J O Hambro Capital Management (JOHCM) has appointed Silverfinch to help manage its European regulatory reporting requirements
Arlington Advisors and Pensions Infrastructure Platform join forces
2 March 2017 | London | Reporter: Theo Andrew
The Pensions Infrastructure Platform and Arlington Advisors have formed a partnership targeting on-campus student accommodation
Private equity blockchain launches
23 February 2017 | Guernsey | Reporter: Stephanie Palmer
Northern Trust, in collaboration with IBM and several other stakeholders, has launched a commercial blockchain solution for the private equity market
RiskSystem wins Luxembourg UCITS mandate
21 February 2017 | Luxembourg | Reporter: Stephanie Palmer
Credit Suisse Fund Management has selected RiskSystem, to provide risk reporting and investment restriction monitoring to a $500 million Luxembourg-domiciled fund
Northern Trust nabs UBS fund admin businesses
20 February 2017 | Zurich | Reporter: Stephanie Palmer
Northern Trust has completed an agreement to acquire UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland
More fund services news