Deutsche Bank deal could catapult BNP into Asia’s top prime brokers

A BNP Paribas SA logo sits on a sign outside a BNP Paribas bank branch in Paris, France, on Tuesday, July 18, 2017. BNP Paribas agreed to pay $246 million to settle Federal Reserve allegations that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices. Photographer: Christophe Morin/Bloomberg

BNP Paribas SA could gain a top-10 spot among prime brokers in Asia as a result of its agreement to back up and potentially assume control of the electronic trading and prime services of Deutsche Bank AG, according to Eurekahedge Pte.

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