Global Trading Systems (GTS), an electronic market maker in North America, Europe and Asia, today announced a strategic collaboration with French bank BNP Paribas to provide its clients with improved trading conditions in the US Treasuries secondary market.
BNP Paribas will leverage GTS’ technology to secure deeper liquidity, tighter spreads and further improved pricing as the lender aims to increase its market share of US Treasury trading.
In the US, Global Trading Systems trades securities only with other registered broker-dealers, while operates as principal via GTS Securities, LLC, a FINRA member broker-dealer.
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GTS’ offering leans on proprietary algorithms to trade in a range of commodities, futures, forex and derivatives around the world. The company also serve as a market maker on a variety of exchanges in North America and Western Europe.
According to Olivier Osty, Executive Head of Global Markets at BNP Paribas: “The US is an important market for BNP Paribas, and we are fully committed to expanding our capital markets franchise by focusing on our clients and their demand for improved liquidity and better transparency. This innovative collaboration with GTS illustrates how we work with firms that are experts in financial technology to enhance our client offering across the Bank’s value chain. It is an important step in our ambition to become a leading digital capital markets house in the financial services industry.”
Ari Rubenstein, co-founder and CEO of GTS, added: “This collaboration is a transformative moment for capital markets and reflects the next phase in the evolution of relationships between banks and electronic market makers, which provide investors with a low cost and more efficient trading experience. GTS continues to focus on innovative methods of providing more liquidity in more places by broadening access to our trading technology and building platforms for the future.”