BNP Paribas to digitise pre-trade client workflows with ipushpull’s PPQ

By Megha Bhattacharya

Real-time data sharing and workflow platform ipushpull announced that global investment bank BNP Paribas has implemented PPQ standardised messaging to streamline their manual workflow around non-standard, complex trades, for their global asset management community. PPQ has been designed to deliver enhanced efficiency, reduce operational and compliance risk and support trade negotiation.

Ben Harvey, Senior LDI & Macro Rates Sales from BNP Paribas noted, “As a bank that is continuously innovating our technology and processes to enhance our client’s experiences, we are pleased to integrate data-driven automation to support our sales organisation in delivering service excellence.” Harvey added “Complex derivatives are the next area where we are focused on process automation and improvement. This also underlines our approach to the next generation dealing room and to further develop the non-price element of our customer offering.”

PPQ is a pre-trade syntax that standardises and facilitates the negotiation process between the buy and sell-side through a set of integrated data sharing and data-driven tools. It uses financial networks like Symphony to deliver the standardised syntax within private bilateral chats to allow trading and sales to communicate detailed information.

Matthew Cheung, CEO from ipushpull commented, “We are delighted to see the positive impact that PPQ has had on BNP Paribas’ operational workflow and risk mitigation. Our unified modular and cloud-based approach enabled us to rapidly deliver this solution into production and provide quantifiable benefits.”

Recently, BNP Paribas and open banking payments platform Token announced the launch of an online payments service to combine the power of SEPA Instant and PSD2 APIs, two initiatives from the European Payments Council. Token offers pan-European connectivity to banks, and rich functionality to enable existing Payment Service Providers to benefit from Open Banking capabilities.