FX Markets

Best algorithmic trading technology provider: BNP Paribas

Razaq Asif at BNP Paribas
Asif Razaq, BNP Paribas
  • Miriam Siers
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As buy-side appetite for algorithmic execution in foreign exchange continues to grow, competition between banks naturally intensifies, and BNP Paribas wins this year's award after successfully breaking into an area that once appeared to be sewn up by Credit Suisse and Citi.

The French bank launched its product, Cortex iX, in June 2012, comprising two separate strategies. The first, dubbed Chameleon, uses artificial intelligence concepts and multiple sets of execution rules, and is able to adapt

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