June 13, 2023 – Luma Financial Technologies, the independent, multi-issuer structured products and annuities platform, has announced today that BNP Paribas joins its growing roster of leading issuers connected for fully automated pricing and trading.
BNP Paribas, a European leader in banking and financial services, offers a wide range of equity, fund, foreign exchange and commodity-linked products which can be customised to address client needs.
As part of the agreement Luma is now connected to the BNP Smart Derivatives API, allowing users to access automated pricing from BNP Paribas. Luma users can view BNP Paribas’ indicative and final term sheets as well as regulatory documentation, fed automatically from the Smart Derivatives API.
Trades can be confirmed automatically by BNP Paribas via Luma’s online trade workflow.
“BNP Paribas is one of the leading market makers globally employing a technology-first approach in creating and issuing structured products,” said David Wood, Managing Director of Luma’s International Business. “By connecting to BNP Paribas’ Smart Derivatives API, our clients will be able to price multiple product types with the option to trade electronically or with support from the BNP Paribas sales team, benefitting users seeking maximum efficiency when creating structured products.”
The news follows Luma’s receiving BISA’s Technology Innovation Award for an eighth consecutive year. The award recognises leadership and commitment to advancing products and services through technology-based solutions in the financial services sector.
For more information on Luma Financial Technologies and the specific features the platform provides, please visit http://www.lumafintech.com
About Luma Financial Technologies
Founded in 2018, Luma Financial Technologies (“Luma”) has pioneered a cutting-edge fintech software platform that has been adopted by broker/dealer firms, RIA offices, and private banks around the world. By using Luma, institutional and retail investors have a fully customizable, independent, buy-side technology platform that helps financial teams more efficiently learn about, research, purchase, and manage alternative investments as well as annuities.
Luma gives these users the ability to oversee the full, end-to-end process lifecycle by offering a suite of solutions. These include education resources and training materials; creation and pricing of custom structured products; electronic order entry; and post-trade management. By prioritizing transparency and ease of use, Luma is a multi-issuer, multi-wholesaler, and multi-product option that advisors can utilize to best meet their clients’ specific portfolio needs.