/ CORRECTION - BNP Paribas Invests as Founding Shareholder in REDI Holdings LLC
NEW YORK, NY -- (Marketwired) -- 07/17/13 -- In the news release
"BNP Paribas Invests as Founding Shareholder in REDI Holdings LLC,"
issued earlier today by BNP Paribas, we are advised by the company
that the date in paragraph two should read "July 16" rather than
"July 12" as originally issued. Complete corrected text follows.
BNP Paribas Invests as Founding Shareholder in REDI Holdings LLC
NEW YORK, NY -- July 17, 2013 -- BNP Paribas today announces its
investment as a founding shareholder in REDI Holdings LLC (REDI), the
technology provider of the REDIPlus(R) Execution Management System
The investment, which was completed on July 16, establishes REDI as
an independent financial technology company, and places BNP Paribas
as one of six founding investors.
The transaction comes at a time when multi-broker electronic
execution is becoming more favored by institutional investors, and is
gaining market share.
Ownership by the consortium, of which BNP Paribas is part, is set to
enhance REDI's competitive position by providing a broad range of
benefits to the marketplace through an expanded broker network, broad
cross-asset capabilities, expansive global coverage and
industry-leading customer service.
The investment as a founding shareholder will enable BNP Paribas to
significantly upgrade EMS offerings to US investors, granting access
to cash and listed derivative execution services in the US and
international markets through a leading global EMS platform.
Chris Innes, Head of Equities for BNP Paribas Global Equities &
Commodity Derivatives (GECD) in the Americas, will join the board of
REDI. He said, "We are delighted to have completed this investment,
which demonstrates BNP Paribas' commitment to ensure our clients'
connectivity in the EMS space in the long term and our desire to
focus on where clients are headed."
About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in nearly 80
countries with 190,000 employees, including 145,000 in Europe. It
ranks highly in its three core activities: Retail Banking, Investment
Solutions and Corporate & Investment Banking. In Europe, the Group
has four domestic markets (Belgium, France, Italy and Luxembourg) and
BNP Paribas Personal Finance is the leader in consumer lending. BNP
Paribas is rolling out its integrated retail banking model across
Mediterranean basin countries, in Turkey, in Eastern Europe and a
large network in the western part of the United States. In its
Corporate & Investment Banking and Investment Solutions activities,
BNP Paribas also enjoys top positions in Europe, a strong presence in
the Americas and solid and fast-growing businesses in Asia-Pacific.
Brokerage services discussed above are offered through BNP Paribas
Securities Corp., an affiliate of BNP Paribas, a U.S. registered
broker-dealer and a member of SIPC, FINRA, the NYSE and other
principal exchanges, whose primary office is at 787 Seventh Avenue,
New York, NY 10019.
About REDI Holdings
REDI Holdings operates the REDIPlus(R) Execution Management System, a
leading global technology platform offered across the Americas, EMEA
and Asia-Pacific. REDIPlus supports a wide breadth of asset classes,
markets and trading strategies offered through its broker network,
providing clients with access to a range of trading technology
solutions. To learn more, visit www.redi.com
+1 212 841 3809
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