BNP Paribas is a leading European banking group with a strong presence in structured products across multiple markets. In Spain, it operates in a highly competitive environment where speed, efficiency and transparency are critical.
BNP Paribas aimed to reduce time to market while maintaining robust issuance processes and controlling costs. A key objective was to enable T+1 issuance at BME, allowing faster relisting of products during volatile market conditions. This required greater automation across the value chain, a harmonised issuance approach, and improved product accessibility for investors, while reducing operational complexity and associated fees.
The Solution
By leveraging CONNEXOR for BME issuances, BNP Paribas adopts a centralized issuance and listing solution designed to support automation and standardization across markets.
CONNEXOR enables BNP Paribas to align issuance logic across products and jurisdictions, streamline workflows, and automate key steps in the issuance process. This approach supports faster issuance cycles, including the move towards T+1 issuance in Spain, while reducing manual intervention and operational efforts. In addition, this standardization has allowed BME to offer more competitive fees for listing and post-trade for the benefit of all market participants.
The use of CONNEXOR delivers clear benefits for BNP Paribas:
Reduced time to market, supporting T+1 issuance on the Spanish market.
Increased automation across the structured products value chain.
Lower operational efforts in the issuance process and reduced listing and post-trade fees.
Better serving end investors when old products are terminated.
Business Impact
By leveraging CONNEXOR, BNP Paribas strengthens its operational efficiency and market responsiveness, while supporting a more transparent and accessible structured products ecosystem.
The introduction of CONNEXOR streamlines our issuance workflow and dramatically accelerates time‑to‑market for our products. As a result, our Spanish investors gain access to a wide range of structured products on BME, tailored to meet their specific needs. This rollout represents a significant step that strengthens and expands our offering in Spain.
Benoit Roquant, Global Head of Exchange Traded Solutions, BNP Paribas
CONNEXOR is used by 93 issuers of financial products, with more than 2.25 million newly issued structured products and more than 50+ million associated product updates and lifecycle events flowing through every year.