BNP Paribas plans equities trading overhaul

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BNP Paribas will outsource its Asian equities trading platform to global electronic brokerage Instinet to save costs as part of a broader overhaul of its regional cash equities business, both companies told Reuters.

Reuters reports that BNP, which trades equities across 16 Asian markets, will replace its electronic cash equities technology platform with a trading system provided by New York-headquartered Instinet to build scale and save IT and operational costs.

"This decision was made to ensure BNP Paribas clients benefit from a cash equities offering that is executed on a scalable best-in-class trading system, without having to invest internally in the infrastructure to build it," a spokeswoman from BNP Paribas told Reuters.

To access the complete Reuters article hit the link below:

France's BNP Paribas to overhaul equities trading in Asia

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