BNP Paribas, well known for its global reach and offices in 88 countries, is seeking to add dark liquidity expertise to that reputation--by the end of the year, the French bank aims to have four non-displayed trading platforms in operation across the globe.
The global execution services (GES) group in the firm's corporate and investment banking division says it plans to launch an internal crossing network in the U.S. before the end of the second quarter and one in Europe by the end of the third. The bank launched its first hidden liquidity destination--BIX, or BNPP Internal Exchange--in Tokyo last summer and has plans to introduce one in Hong Kong in May. All four will use the BIX moniker.
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