BNP Paribas Íø±¬³Ô¹Ï Services partners with Bloomberg for data services
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BNP Paribas Íø±¬³Ô¹Ï Services partners with Bloomberg for data services 10 May 2023US Reporter: Jenna Lomax
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BNP Paribas Íø±¬³Ô¹Ï Services has merged its asset servicing capabilities with Bloomberg’s AIM, a buy-side order management system.
The combined solution will provide mutual clients with standardised data connectivity to support trade management.
The offering will deliver real-time post-trade workflows, connectivity from automated trade instruction capture as well as status updates and end-of-day recaps.
By utilising the solution, mutual clients will benefit from increased transparency along the lifecycle of a transaction, says BNP Paribas.
They will also be able to reduce their manual touchpoints and minimise post-trade risk and costs, it adds.
Katia Falina, head of buy-side post trade product, Bloomberg, comments: “Bloomberg is focused on establishing direct integrations with asset servicers to promote increased data accuracy across the trade lifecycle and assist our clients in making timely and accurate business decisions.
“As our clients evolve, we aim to innovate with them, and we’re pleased to now offer a seamless end-to-end workflow experience with the mutual clients we share with BNP Paribas’ Íø±¬³Ô¹Ï Services business. The Bloomberg team looks forward to working closely with them to serve our clients through this new integration.â€
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