BNP Paribas Is Said to Handle Half of India’s Record MSCI Trades

BNP Paribas handled approximately 50% of the $4.2 billion in stock trades connected to MSCI's index rebalancing through India's closing-auction system, according to people familiar with the matter. The figure represented a larger share than other major financial institutions involved in the trades. MSCI rebalancing events typically trigger large volumes of index-tracking fund activity.

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