BNP Paribas Accredited To Clear NZX Equity Derivatives

NZX is pleased to announce that BNP Paribas Securities Services SCA (the global custodian and securities services provider under the BNP Paribas Group) has been accredited as a General Clearing Participant, a Legal Title Transfer Depository Participant, and a Depository Participant for NZX’s Equity Derivatives Market.

NZX Head of Exchange Products, Sam Stanley, commented: "We are delighted that BNP Paribas is now confirmed to clear equity derivatives in NZX’s new market. This demonstrates the continuing partnership between NZX and BNP Paribas, and ensures BNP Paribas will play a pivotal role in the launch of NZX’s new market.”

BNP Paribas is a leading bank in the euro zone and a first-class player on a global scale with a presence in nearly 80 countries and 190,000 employees.

NZX will announce a new launch date for the launch of Equity Derivatives shortly. The process is heavily reliant on external parties with whom we are working closely as we move towards launch.