BNPP eyes European FXPB business
As part of its expansion, the bank recruited Marco Baggioli as European head of FXPB from Deutsche Bank earlier this year. Since arriving in March, Baggioli has won over Overlay Asset Management from a rival broker and has grand ambitions to grow European business to account for a third of the bank’s FXPB business from 10% currently, with the US and London representing 60% and 30%, respectively.
Baggioli's strategy is to leverage the bank's recently acquired prime-brokerage technology and know
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Prime Brokerage
Z.com Global Markets to launch prime-of-prime service
The firm will wind down its retail arm by the year-end
StanChart prime services to accept Chinese bonds as collateral
Inclusion will reduce collateral drag for PB clients ahead of stricter initial margin rules
JP Morgan tells HFTs: you’re ‘all finding homes’
But credit intermediation space has inefficiencies that more kill switches would address, conference hears
PoP debate rekindles following Stater Global Markets exit
Prime-of-prime broker leaves space after financial backer withdraws support
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Stater to withdraw from prime-of-prime
Launched in 2016, Stater Global Markets has focused on smaller hedge funds and retail brokers
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take
Stater Global Markets partners oneZero
The prime-of-prime broker gains access to a network of 200 market-makers and takers
