Wednesday 30 May 2018

Metal commodities, Asia-Pacific growth and digital transformation recognised as BNP Paribas receives top honours in a triple accolade from Energy Risk.


BNP Paribas' global commodity derivatives prowess has once again been recognised at the Energy Risk Awards 2018 ceremony, where the bank claimed top honours in three separate categories – more than any other peer:

  • Base Metals House of the Year
  • Precious Metals House of the Year
  • Innovation of the Year with CORTEX CD

BNP Paribas is proud that its Global Markets division is at the forefront of developments in metal commodities and innovative technology – both gaining recognition in the triple accolade awarded by a judging panel of industry experts for Energy Risk.

Base Metals House of the Year
The panel found that global reach was a key theme in BNP Paribas' successful bid for Base Metals House of the year, with particular strength in its APAC region. "The global reach that backs up BNP Paribas's push into the Chinese market – a central focus since it began OTC operations in the country in 2015 – has also underpinned some innovative dealmaking in base metal markets elsewhere in the world." The win, which marks BNP Paribas as Base Metals House of the Year for the third consecutive time, highlights the bank's global "scale and flexibility" .

Precious Metals House of the Year
"One of the success stories of BNP Paribas's commodities franchise in recent years has been the growth of its precious metals business. Last year a number of unique transactions exemplified the bank's commitment to this space." Energy Risk found that BNP Paribas had "proved its mettle" globally, with a key strategic focus on trading in China. The judges noted that "BNP Paribas increased its client base in the region by a double-digit percentage last year" and celebrated the bank's ability to overcome "unique challenges".

Innovation of the Year – CORTEX CD
Energy Risk describes Cortex CD as being "cutting edge in the commodities space", complementing its "new transparency" and "constant stream of live, tradable prices on 48 oil underlyings". Ronan Julien, Global Head of Commodity Derivatives e-distribution at BNP Paribas commented "We are offering a new level of transparency on pricing for illiquid assets and this is the real strength of the product". Digital transformation is a core driver for BNP Paribas and an essential component of the platform, which was created in-house.

"BNP Paribas is proud to be at the forefront of developments in metal commodities and innovative technology – both recognised by a judging panel of industry experts."

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