BNP Paribas, GTS Sign Agreement on U.S. Treasuries Trading
November 16 2017 - 02:29AM
Dow Jones News
By Alberto Delclaux
BNP Paribas SA (BNP.FR) said Thursday that it has signed a
collaboration agreement with GTS, a New York-based electronic
market maker, to improve pricing of U.S. Treasuries for its
clients.
Financial details of the deal weren't disclosed.
The collaboration will let BNP Paribas use GTS' trading and
technology capabilities, and add liquidity to the French bank's
pricing framework for the U.S. Treasuries secondary market.
"The U.S. is an important market for BNP Paribas, and we are
fully committed to expanding our capital markets franchise by
focusing on our clients and their demand for improved liquidity and
better transparency," said Olivier Osty, BNP Paribas's head of
global markets.
The two companies will also develop a technology platform aimed
at giving BNP Paribas access to greater liquidity, BNP Paribas
said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 16, 2017 03:14 ET (08:14 GMT)
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