Knight Capital Europe has selected BNP Paribas Securities Services to provide it with clearing and custody services on a pan-European scale.
?Knight Capital Group provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporate issuers.
The firm engages in agency-based trading and market making across global equities, fixed income, foreign exchange, options and futures. Knight is a source of liquidity in global equities and provides services to both retail and institutional clients in the UK and across Europe.
?BNP Paribas will provide clearing, settlement, custody, stock lending and financing for the European equity business across Europe and North Africa.
?Albert Maasland, head of international at Knight Capital Europe, said: “We chose to work with BNP Paribas because we believe our teams share a passion for high quality client service and can work together in a real partnership."
The bank’s top-rated proprietary network in our main markets, real time risk modelling in liquidity management, and overall transparency were key factors in the decision process. Entering into a partnership with BNP Paribas represents another step in growing our European execution business.”
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