This new solution adapts to the nuances of MiFID requirements and to the specifics of the emerging Multilateral Trading Facility (MTF) environment. BNP Paribas Securities Services will provide Euro Millennium with an integrated post trade service, using their own network and trusted local agents.
"We are pleased to announce this important partnership with BNP Paribas Securities Services," says Paul Kelly, Head of Sales and Client Operations and Director of NYFIX International Limited. "Their cross border experience in post trade services across Europe made them a natural choice for Euro Millennium from day one."
"NYFIX is one of the leading providers of trading technology and services and this is a cornerstone deal for our business" said Patrick Colle, Global Head of Clearing, Settlement and Custody Product, BNP Paribas Securities Services. Jason Nabi, Head of Financial Intermediaries UK at BNP Paribas Securities Services added: "We are very happy to be NYFIX's partner for post-trade services and this agreement demonstrates our commitment to developing innovative solutions for a changing market. In the last 2 years, BNP Paribas has seen a great deal of development and growth in the UK and moving forward we see the MTF space as an important new client segment for the bank."