G10 Rates

A growing rates business

BNP Paribas is committed to growing the G10 rates business. Over decades of global market presence, we have developed a comprehensive offer of flow & complex interest rate products which are designed to address the full spectrum of clients’ needs. Our team is skilled in designing bespoke solutions.

Our strengths

Growing business

We have demonstrated resilience over decades and we remain committed to the markets for the long haul. Our business has continued to grow year-on-year demonstrating our ambition to increase our market share globally.

Global business

Our teams are located on the ground across the five major hubs of France, UK, USA, Japan and APAC and we have offices in all G10 countries. We are a leading player in Asia with a broad onshore and offshore distribution network, providing large flows and extensive liquidity access.

Top derivatives & solution house

Derivatives and structured products are in BNP Paribas’ DNA. We are consistently among the top players in this space across all asset classes. In G10 Rates we leverage the joint expertise of our dedicated strategy, structuring, sales and trading teams to deliver bespoke solutions designed to fit our clients’ needs. We are a top dealer in Interest Rate Derivatives in APAC, evidenced by our position as top European non-domestic in Japan for flow rates.

Primary dealer

We are Primary Dealer in 12 Euro Area countries and a leading underwriter of sovereign bonds. We offer market-making capabilities in 15 euro area government bond markets. We consistently rank number 1 for Primary Dealer for French Government Bond trading.

RANKINGS AND MARKET SHARE HY 2019

BLOOMBERG

No. 1
Euro Swaps
Market Share: 9.9%
No. 2
Euro SSA
Market Share: 8.32%
No. 2
Euro Govies
Market Share: 9.0%
No. 3
Euro Covered Bond
Market Share: 6.36%
No. 9
US Treasuries
Market Share: 4.3%

TRADEWEB

No. 2
Euro Swaps
Market Share: 10.7%
No. 3
Euro Govies
Market Share: 7.5%
No. 3
Euro Covered Bonds
Market Share: 10.1%
No. 7
Euro SSA
Market Share: 5.5%

Electronic offer

Electronic markets

Our model combines the strengths of electronic and voice services. This means that our clients get the best of both specialists’ expertise and e-book efficient pricing

Cortex Rates

A comprehensive range of fixed income interest rate products and services through the banks extensive network of multi-dealer platform providers

US treasuries

Our collaboration with GTS, the global electronic market maker enables us to provide you with deeper liquidity, together spreads and further improved pricing