Paribas Plans To Globalize FX Forwards, Whilst Upgrading FX Settlement System
BANKS
Paribas is globalizing its FX forwards business under Francois Artigala, global head of short-term instruments (STI) in Paris, following the restructuring of its STI division earlier this year (FXW, April 21), says Eric Nicolas, global head of FX in New York. Meanwhile, the bank has also upgraded all of its FX trading settlement systems by centralizing all confirmation processing on the London TRAM system.
Nicolas says the globalization of Paribas' FX forwards operation should be completed by the
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