BNP Paribas preps launch of Cortex single-dealer platform

Thomas Soede at BNP Paribas

BNP Paribas plans to launch its new single-dealer platform for foreign exchange early in the first quarter of 2012, following a 14-month development period, officials at the bank have told FX Week.

The new platform, to be known as Cortex, will cover spot, forwards, non-deliverable forwards and options, putting the French bank into direct competition with a number of other dealers that are launching or revamping their platforms.

"Cortex is fully integrated in terms of product access. Over time

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