BNP Paribas Injects $63 Million into Symphony Trading Communications Platform

According to The Trade news service, BNP Paribas has invested $63 million in a messaging and communications platform. Symphony Communications Services will use the funds to move forward with expansion plans and drive growth in its current and new markets. The service is used as a replacement for traditional email and voice systems to communicate securely both internally and externally. The firm raised a total of $170 million in 2014, with $66 million coming from a consortium of financial institutions including Bank of America Merrill Lynch, BNY Mellon, BlackRock, Citadel, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Jefferies, JPMorgan, Maverick, Morgan Stanley, Nomura and Wells Fargo.