Contineo, whose on-boarding subscribers include Julius Baer, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale, is a messaging network facilitating transactions between buy- and sell sides. Managing Director Mark Munoz said Contineo’s go-live represented a new phase in the evolution of the structured products market.
“Contineo has been developed by the industry, for the industry,” he said. “Our agnostic platform is open to all participants and, through our Advisory Group, we are bringing the industry’s key players together for the first time to develop a set of standards that will benefit us all.”
“Automation is the way to go for structured product distribution and execution in Asia,” said Roger Meier, Head of Structured Product Sales Asia at Julius Baer. “Replacing email with a multi-issuer electronic platform will allow us to access products, have an overview of the market, and retrieve data in a streamlined fashion that we just don’t have today. In the future we envisage the evolution of things like common term sheets, post-trade data and more pay-offs.”
Contineo acts as a communications hub for products including Equity Linked Notes; Knock-Out Equity Linked Notes; Accumulator; Decumulator; Fixed Coupon Notes; DRAN and OTC Options. The platform was conceived in 2014 and began beta operations earlier this year.
For interviews with Mark Munoz:
Kristin Westlake, The Continuum Partners kwestlake@thecontinuumpartners.com /+61 416 219 358
About Contineo Limited
Contineo is the first industry supported, open messaging network for private banks and wealth management firms to access issuers of structured products. Together we are a community with a shared vision and purpose.
We believe that technology should be intuitive, easy to access, and available to all participants. This means creating an open messaging standard in concert with the buy-side and sell-side, and enabling access to all parties, including other certified technology vendors.
This mission is shared by our current subscribers, who recognize the importance of an open, efficient and transparent network.