As per the agreement, BNP Paribas will provide clearing, settlement, custody, stock lending and financing for the European equity business across Europe and North Africa.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The deal is intended to streamline Knight Capital’s operating model, to boost efficiency and further benefit the service provider’s role as a liquidity maker in equity markets.
Commenting on the deal, Albert Maasland, head of International at Knight Capital Europe Ltd, said: "The bank’s top-rated proprietary network in our main markets, real time risk modeling in liquidity management, and overall transparency were key factors in the decision process. Entering into a partnership with BNP Paribas represents another step in growing our European execution business."
Knight Capital, based in Jersey in the US, serves buy and sell side firms and corporate issuers globally. It is engaged in agency based trading and market making across global equities, fixed income, foreign exchange, options and futures. BNP Paribas has assets under custody of more than US$7 trillion.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
