Software vendor GL TRADE says BNP Paribas is using its UBIX back-office system for listed derivatives.
The firm notes that BNP Paribas' UBIX platform will house the derivatives businesses of both BNP Paribas Commodities Futures (London) and BNP Paribas Commodities (New York).
BNP Paribas says it chose UBIX because of its interest in focusing on the commodities and energy markets.
"We are thrilled that a banking group such as BNP Paribas has selected our back-office management solution," says Laurent Jacquemin, global head, post-trade derivatives, GL TRADE. "UBIX will allow each entity to be independent in terms of management, while streamlining technical implementation costs."