BNP Paribas Launches Unique Online Trading Platform to Market Structured Credit Linked Notes and Hybrid Notes to Private Bank and Institutional Clients.LONDON -- BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. has launched a unique online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. platform called "CredIM," which is designed to market corporate bonds, structured credit-linked notes A credit linked note (CLN) is a form of funded credit derivative. It is structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors. , as well as equity and fixed income hybrid notes on a massive global scale. CredIM is the only trading platform of its kind and provides real-time liquidity and a valuation service to retail, private bank and institutional clients. The launch of the CredIM trading platform is linked to a strategic move by BNP Paribas towards structured retail business, not only through the firm's own retail, private banking and online network, but also through third party distributors. Farid Amellal, Global Head of Credit Trading at BNP Paribas says: "In a more competitive environment where credit spread levels are tightening, the CredIM trading platform provides a quality service to BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. Paribas' clients on all levels; from innovation and flexibility, to transparency and liquidity." Using the latest real-time technology, the CredIM trading platform aims to provide quotations directly to exchanges in 2005 -- the first targets being the Swiss, German and Euronext stock exchanges. The first catalogue of notes is already being quoted with a tight bid-offer spread
The bid/offer spread (also known as bid/ask spread) for assets (such as stock, futures contracts, options, currency pair) is the difference between the price available for an immediate sale . The BNP Paribas Structured Credit Market-Making desk provides tight bid-ask tradable quotes on the LiveCredit real-time trading Web-platform from 9 a.m. to 4 p.m. London time. The same tight bid-offer quotes are published to Bloomberg (BPSC BPSC Bear Paw Scout Camp (Mountain, Wisconsin) ) and Reuters (CREDITTRADING). The BNP Paribas LiveCredit Web site also provides a unique integrated service, which ranges from real-time quotes for corporate bonds, structured and hybrid notes, through news and research, product libraries and termsheets, to an inventory and post-trade section. Full access to CredIM via LiveCredit will be available to clients at the end of the year. |
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