New Zealand stock exchange operator NZX Ltd said it will partner with the asset-management unit of French investment bank BNP Paribas to shore up offshore capital flows.
BNP Paribas Securities Services will work towards becoming a general clearing participant by the first half of 2021, allowing it to clear and settle transactions for itself and other market participants, NZX said in a statement.
The stock exchange operator said BNP will introduce its third-party clearing model to direct members in New Zealand and remote brokers, offering a cost-effective solution for managing large trading volumes. Benjamin Phillips, NZX executive director for markets development & clearing, said the partnership was “an important endorsement of NZX’s markets development strategy and its success in attracting wider participation by global participants.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BNP Paribas issues Australia's first climate-linked bondBNP Paribas issued Australia's first green bond linked to the performance of an index tracking companies tipped to benefit from the country's transition into a low-carbon economy, aiming to bridge a gap in sustainable investment products.
Weiterlesen »
BNP Paribas issues Australia's first climate-linked bondBNP Paribas issued Australia's first green bond linked to the performance of an index tracking companies tipped to benefit from the country's transition into a low-carbon economy, aiming to bridge a gap in sustainable investment products.
Weiterlesen »
Dwayne 'The Rock' Johnson becomes part owner of XFL; joins group to purchase league for $15 millionJohnson and business partner Dany Garcia partnered with RedBird Capital Partners to purchase XFL's parent company for about $15 million.
Weiterlesen »
EBay partners with NBA's 'sneaker king' P.J. Tucker to boost shoe salesThe e-commerce company is looking to attract sneaker lovers as it hopes to take advantage of a $500 billion online marketplace.
Weiterlesen »
Dwayne Johnson Buys XFL for $15 Million With Redbird Capital As PartnerThe XFL has been sold to a group that includes former WWE star Dwayne “The Rock’’ Johnson, giving the bankrupt football league the kind of star power that may draw even non-sports fans. Johnson, an…
Weiterlesen »
XFL Acquired By Dwayne Johnson, Dany Garcia And RedBird Capital PartnersThe XFL, a twice-unsuccessful professional football alternative to the NFL fronted by WWE chief Vince McMahon, has been sold to Dany Garcia, Dwayne Johnson and RedBird Capital Partners for $15 mill…
Weiterlesen »