Custody, clearing etc

BNP Paribas and Allfunds announce strategic partnership

BNP Paribas and Allfunds have struck an agreement to create one of the world's leading fund and wealthtech platforms. They say this will enable them to build on each other's expertise to develop next-generation fund distribution services. BNP Paribas Securities Services intends to use Allfunds as...
State Street reports Q3 earnings

State Street has just published its results for the third quarter. Ron O'Hanley, President and Chief Executive Officer, says: "We are encouraged by the continued stabilization in servicing fees seen in the third quarter and believe the actions we've taken to date, including the upgrade of our...
Velox Clearing launches new services

Velox Clearing, a California-based technology-forward clearing firm and provider of clearing solutions to some of the financial industry's most agile firms, has today announced its official launch. Led by a team of clearing industry veterans with nearly 170 years of collective experience, Velox...
BNP Paribas wins Huatai mandate

BNP Paribas Securities Services today announced that it has been selected to provide clearing, settlement and custody services to Huatai Financial Holdings (Hong Kong) Limited. As part of this mandate, BNP Paribas Securities Services supports Huatai Financial's activity as a direct London Stock...
FSB reports on implementation of OTC derivative reforms


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