BNP Paribas’ Securities Services business, a leading custodian with USD 14.4 trillion in assets under custody[1], has been mandated by Swissquote, Switzerland’s market leader in online banking, to provide custody services, enabling them to benefit from BNP Paribas’ integrated execution-to-custody solution.
The new mandate expands the existing relationship between Swissquote and BNP Paribas, already including execution for cash equities services, with global and local custody services for Swissquote’s portfolio of assets in European markets. This allows Swissquote to benefit from a seamless experience across the entire trade lifecycle, leveraging BNP Paribas’ integrated bank model.
BNP Paribas’ extensive execution-to-custody solution — which combines its Global Market business’ execution capabilities and Securities Services business’ custody and settlement offerings — enables Swissquote to execute trades via BNP Paribas and other participating brokers across different markets with one single instruction. The integrated offering helps Swissquote to streamline and automate trade workflow, from execution to settlement, on behalf of their clients.
Manuel Mache, Head Business Operations, Swissquote, said: “We are delighted to partner with BNP Paribas’ Securities Services business. Collaborating with BNP Paribas, and leveraging their advanced execution services and cutting-edge Cortex Equities platform, Swissquote further enhances its service offerings. Through integration with BNP Paribas’ custody solution and their execution-to-custody setup, Swissquote simplifies trade workflows, achieves operational efficiency, and reduces risk for its clients, showcasing its commitment to delivering value and innovation to investors.”
Bruno Campenon, Head of the Financial Institutions and Corporates Client Line, Securities Services at BNP Paribas, stated: “We are proud to expand our partnership with Swissquote, bringing them the full benefits of our execution-to-custody platform. Our highly integrated services enable enhanced automation and risk mitigation for the benefit of our clients, which is all the more crucial to ease their transition to shortened settlement cycles in a T+1 world.”
Brian Gallagher, Head of EMEA Execution – Cash Equities, BNP Paribas, commented: “The execution-to-custody platform is a central pillar of our investment in cash equities execution, in line with BNP Paribas Global Markets’ ambitions to be a leader in Global Equities. Leveraging our highly innovative trading platform, we believe that we are in a unique position to offer unparalleled client service as well as best execution.”
[1] As of 31 March 2024. Source: BNP Paribas Group’s quarterly results.
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About Securities Services at BNP Paribas (securities.cib.bnpparibas)
BNP Paribas’ Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide. As a pillar of BNP Paribas’ diversified banking model, Securities Services provides asset servicing solutions that are closely integrated with the first-class services of the Group’s other business lines, in particular those of Global Banking and Global Markets. As of 31 March 2024, Securities Services had USD 14.4 trillion in assets under custody and USD 2.7 trillion in assets under administration.
About Swissquote (www.swissquote.com)
Swissquote is Switzerland’s market leader in online banking. Over three million financial products can be traded on its innovative platforms. Swissquote’s core competencies include global stock market trading, trading and custody of crypto assets and Forex trading. In addition, Swissquote is active in the payment card and mortgage markets. As at the end of December 2023, Swissquote held over 58 billion Swiss francs in assets for more than 570,000 private and institutional accounts. In addition to its headquarters in Gland, Switzerland, Swissquote has offices in Zurich, Luxembourg, London, Malta, Bucharest, Cyprus, Dubai, Singapore, Hong Kong and South Africa. Swissquote holds banking licences both in Switzerland (FINMA) and Luxembourg (CSSF). The parent company, Swissquote Group Holding Ltd, is listed on the SIX Swiss Exchange (symbol: SQN). The Swissquote Group and PostFinance each own 50% of the fintech app Yuh AG.
Disclaimer
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas’ judgment and are subject to change without notice. BNP Paribas and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas is a credit institution that is authorised to perform banking activities and investment services under the law applicable in France and is subject to prudential supervision on a consolidated basis by the European Central Bank (ECB), in cooperation with the Autorité de Contrôle Prudentiel et de Résolution (ACPR). As a public listed company and as an investment service provider, BNP Paribas is also in France under the supervision of the Autorité des Marchés Financiers (AMF). Its registered office address is 16 boulevard des Italiens, 75009 Paris, France, and its website is https://group.bnpparibas.
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Services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which is duly authorised and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited liability company organised under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp., which is a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA); or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
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