BNP Paribas FIN’AMS, the buy-side dealing desk of the BNP Paribas banking and financial services group, has gone live with Fidessa LatentZero’s order and execution management system, Minerva OEMS.
FIN’AMS, which provides multi-asset class dealing, securities lending and equity swaps services to internal and external clients, selected Minerva as a single platform to handle retail and institutional orders originating from multiple portfolio systems across a wide range of instruments.
“It was vital for us to be connected to all our brokers, counterparties and major liquidity venues for real-time electronic trading via FIX,” said FIN’AMS CEO Franck Chatillon. “While our clients concentrate on their core business, FIN’AMS will provide them with the best access to liquidity and a large range of execution modes.”
Launched in 2005, BNP Paribas FIN’AMS’ clients include asset managers, private banks and insurance companies. Following the integration of Fortis Investments into the BNP Paribas group, FIN’AMS will become the largest buy-side dealing desk in Europe, with more than 60 dealers. The firm will roll out Minerva for all asset classes and across its UK, US and Asian desks in the coming months.
Minerva OEMS offers real-time position keeping and P&L, portfolio analysis, order management workflows and pre- and post-trade investment compliance. Support is provided for equities, fixed income, money markets, foreign exchange and listed and over-the-counter (credit and equity) derivatives.