BNP Paribas Securities Services has expanded its broker-to-custody offering and has added Spuerkeess, a Luxembourg-based bank, to the platform. The broker-to-custody solution, which was previously offered only in the U.S. and APAC, is now available across Europe, further to the bank’s recent expansion in equities flow trading in the region. Using BNP Paribas’s open architecture, clients can execute trades via BNP Paribas and other participating brokers while benefiting from integration with the BP2S custody offering.
Spuerkeess will use the broker-to-custody solution to execute and settle trades on behalf of its retail clients. As part of this mandate, BP2S will provide Spuerkeess with custody services for a portfolio of assets valued at EUR16bn (USD17.5bn).