BNP Unit Takes Wilco for STP
OPERATIONS AND STP
PHILADELPHIA--BNP Paribas Brokerage Services (BNPPBS) has begun using Wilco International’s Gloss STP Bureau outsourcing service to process non-US securities, officials confirmed last week.
The Philadelphia based broker-dealer and futures commission merchant (FCM) signed a contract with Wilco early in the second quarter of 2002 and settled its first live European trades in mid-December, officials at the firm say.
The Gloss STP Bureau allows BNPPBS to offer its institutional clients an integrated
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