Tag Archives: BNP Paribas Securities Services

BNP-PARIBAS-FINTECH-BLOCKCHAIN-CROWDFUNDING

BNP Paribas Gets Blockchain for Crowdfunding

(RaiseMoney.com)-French broker-dealer BNP Paribas “gets the joke” when it comes to fintech applications for equity crowdfunding and is embracing blockchain technology to advance their vision.

A subsidiary of BNP Paribas Group has announced a partnership that will find it leveraging blockchain technology to enable private companies to issue securities via equity crowdfunding.Revealed today, the partnership finds BNP Paribas Securities Services, its asset services division, working with investment platform SmartAngels on a pilot the firms said would be launched in the second half of 2016, pending regulatory approval.

In statements, BNP lauded the effort as a “major step” in advancing crowdfunding. The project will see BNP Paribas developing and managing a registry for shares in private companies using the blockchain that in turn will automatically register securities issued by SmartAngels.

Smart Angels will serve as a secondary market for shares registered on the BNP platform, a move the partners said would make it easier for startups and small businesses to access financing.

“Investor payments will be processed immediately and e-certificates will be issued to them straight away. Financial transactions made via the platform will therefore be performed simply, quickly, securely and for a lower cost.”

 

phillipe-ruault-bnp
Philippe Ruault, Head of Clearing, Settlement and Custody Solutions, BNP Paribas Securities Services

Philippe Ruault, head of product for clearing at BNP, emphasized his belief the program would accelerate trading in the private securities market.

“This is a major innovation for the custody and account-keeping of unlisted securities,” he said.

The project is not the first that finds a major financial firm seeking to leverage the blockchain as a way to ease aspects of the private securities process. The effort notably follows Nasdaq Linq, a pilot designed to allow entrepreneurs the ability to issue and manage private shares using a private blockchain system.

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2014 Wall Street Letter Institutional Trading Awards Goes To..

2014 wsl award logoBreaking News..New York, NY Feb 25 Latest Update: 9.45 pm EST

At a gala financial industry awards ceremony hosted by Wall Street Letter to recognize the year’s top investment banks, institutional brokers and trading technology providers, 300 of the financial industry’s senior executives gathered tonight to salute their peers in a best-in-class competition extending across 20 categories. Thanks to tweets sent from attendees during tonight’s dinner event, MarketsMuse is first to report the following announcements midway through the evening’s program:

Tom Quigley (l) WallachBeth Capital. MD/Electronic Trading Desk
Tom Quigley (l) WallachBeth Capital. MD/Electronic Trading Desk

Spotlighting one of the most talked-about service offerings in today’s brokerage industry landscape, in the category “Best DMA Offering,” agency-only execution specialist WallachBeth Capital took home the gold, with Bloomberg’s Tradebook and Object Trading receiving honorable mentions.   WallachBeth’s electronic trading/DMA group was launched in 2013 to complement the firm’s widely-recognized ETF, Options, Delta One trade desks and healthcare sector equities research team. The firm’s trading system technology platform is powered by OEMS solutions vendor OMEX Systems.

Sunguard Financial Systems, Instinet, Wolverine Execution Services, Tethys Technol0gies, Inc, Advent Software, Interactive Brokers, ITG Inc. and Bloomberg LP‘s Tradebook were among the other top contenders in several of the 20 brokerage and technology categories.

The 2014 WSL Institutional Trading Award for “Best Broker-Dealer/Research,” a new category that combined providers of equities research and fixed income content, Newport Beach-based Mischler Financial Group was selected best-in-class in which the 2 other contenders for that top spot were Stifel Nicolaus, the BD subsidiary of Stifel Financial, and investment bank Sandler O’Neil + Partners. Mischler Financial is a full service investment bank/institutional brokerage and the securities industry’s oldest and largest minority firm owned and operated by service-disabled veterans. The firm specializes in primary debt capital markets, fixed income syndicate market commentary and operates a 24/6 global institutional equities execution platform.

At press time, the winner of WSL’s 2014 Best Broker Dealer/Client Service was in the process of being announced. Contenders for this coveted award included BNP Paribas Securities Services, Northern Trust Securities, Sunguard Financial Systems, WallachBeth Capital, Bloomberg Tradebook and Mischler Financial.

Officials of Pageant Media, Ltd., the UK-based media giant and parent of Wall Street Letter announced the official listing of winners will be available at Wall Street Letter website.

Industry’s Top Institutional Broker-Dealer and Trading Technology Vendor Awards Goes To…

wsl awardsWall Street Letter, one of the Industry’s must-read publications courtesy of financial media company Pageant Media, just announced its “short list” of finalists in connection with WSL’s 3rd Annual institutional trading awards.

While the 2014 “best of” categories  cover each of the likely specialties (e.g. best agency-broker/options, best brokerage platform, best DMA platform, best algo platform,  best technology vendor(s), best research, etc.), this year’s “bake-off of the best” includes not only the ‘likely suspects’ whose brands are burnished across the industry landscape, but a selection of boutique firms that certainly deserve a shout-out (and perhaps the trophy!), particularly when looking at those on the short list of nominees for “Best Options Trading Platform“, “Best DMA Offering”, Best Client Service-Broker/Dealer“, “Best Research-Fixed Income” and “Best Options Broker-Dealer.”

Far be it from us to front-run WSL by disclosing the full picture of front-runners; we’ll give credit where credit is due…..”And, the WSL 2014 Award nominees are (drum roll please!)…..CLICK HERE