Private banking access to equity-linked structured products in Asia Pacific is set to be revolutionised after a group of global banks clubbed together to create a centralised ordering system.
The system, named Contineo, was launched in January this year and will become fully operational in June. It provides an electronic messaging network to connect buyers and sellers, which will simplify market structure and provide transparency in what is an opaque market with little solid information on value or volumes. Contineo is funded by Barclays, BNP Paribas, Goldman Sachs, HSBC, JPMorgan and Société Générale, together with technology firm AG Delta. Julius Baer is the first private bank involved with the system.