Squawker Selects BNP Paribas for Settlement Role
All trades on Squawker will settle directly between the counterparties and BNP Paribas, supported by a tripartite agreement. BNP will also pre-match settlement instructions as far as possible, and use a delivery-versus-payment basis.
"The central settlement agent on Squawker is BNP Paribas Securities Services. They're always who you buy from, they're always who you sell to, they're your settlement counterpart when you trade on Squawker," says Chris Gregory, CEO at Squawker.
Squawker provides
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