BNPP plans new e-forex platform
LONDON - BNP Paribas plans to launch its new single-bank electronic foreign exchange trading platform in the fourth quarter, as part of its ambitions to become a top-five dealer of foreign exchange.
The bank kick-started efforts in the prime brokerage market with the acquisition of the AIG FX prime brokerage team and technology in June, and more recently announced plans to expand its FX sales teams globally (FX Week, August 17 and June 29).
Francois Boisson, London-based head of FX sales, said
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