BNP Paribas Digitizes Pre-Trade Client Workflows

ipushpull, the real-time data sharing and workflow platform announced that BNP Paribas has implemented PPQ standardized messaging to streamline their manual workflow around non-standard, complex trades, for their global asset manager community. PPQ has been designed to deliver enhanced efficiency, reduce operational and compliance risk and support trade negotiation. Many buy-side firms have long highlighted the gap in the market for a way of digitizing complex transactions between asset managers and sell-side firms. For example, LDI trading and other complex workflows require a combination of digital and voice trading interactions in addition to tasks performed using chat, email and Excel spreadsheets. This also includes the need to streamline manual processes and operational risk associated with emails, file sharing and copy-paste, as well as providing quick and efficient responses. PPQ is a pre-trade syntax which standardizes and facilitates the negotiation process between the buy and sell side through a set of integrated data sharing and data-driven tools. It uses financial networks like Symphony to deliver the standardized syntax within private bilateral chats to allow trading and sales to communicate detailed information.