As a general clearing participants, BNP Paribas will provide the vital link from customer to clearing house, settling and clearing trades on behalf of all NZX trading participant clients.
NZX CEO Mark Weldon said that BNP Paribas’ global reach, local market knowledge and expertise in commodities makes them an ideal partner for NZX in delivering a world-class derivatives market.
The launch of the region’s first cash settled dairy derivative product on the NZX Derivatives Market brings an important risk management tool for the global dairy industry and in particular, provides a solution to help farmers hedge their income volatility.