Swissquote has appointed BNP Paribas to provide execution-to-custody services. The Switzerland-based banking group aims to decrease client risk, simplify workflows, and enhance operational efficiency.

This agreement expands the existing relationship between the two firms, which already includes execution for cash equity services. Swissquote will now be able to execute trades through BNP Paribas and other participating brokers across various markets with a single instruction. This consolidation will streamline and automate trade workflow from execution to settlement. BNP Paribas’ securities services business has also been tasked by Swissquote to provide global and local custody services.

Bruno Campenon, head of the financial institutions and corporates client line, securities services at BNP Paribas, emphasises bringing Swissquote the full benefits of their execution-to-custody platform. “Our highly integrated services enable enhanced automation and risk mitigation for the benefit of our clients, which is all the more crucial to ease their transition to shortened settlement cycles in a T+1 world.” 

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Swissquote is utilising BNP Paribas’ Cortex Equities platform and advanced execution services to enhance its service offerings. The banking group aims to “simplify trade workflows, achieve operational efficiency, and reduce risk for its clients through integration with BNP Paribas’ custody solution and execution-to-custody setup”, explains Manuel Mache, head of business operations at Swissquote.