BNP Paribas’ Alix Gets a Promotion
Posted by Colin Lambert. Last updated: March 22, 2021
Having been established for the bank’s algo execution services, BNP Paribas has extended the use of its digital trading assistant Alix across the full product suite of FX spot, forwards, swaps, options and orders on Cortex FX.
Alix was launched in 2019, since when, the bank says, it has answered over 400,000 client queries – the extension into the full suite of FX products allows clients to speed up daily tasks such as rolls, or the pricing of complex option strategies.
“With Alix having expanded its skillset across the entire FX suite it now offers a true one-stop shop for clients to trade effortlessly via Cortex FX,” says Nick Hamilton, head of EMEA e-FX aales at BNP Paribas. “Our clients have had to adapt to new trading environments over the last year, and through listening to their needs, and leveraging cutting edge, innovative technology, Alix continues to define the next generation of FX trading platforms.”
Joe Nash, digital FX COO at BNP Paribas, adds, “In an ever evolving and complex market we continually strive to offer clients a bespoke personal trading experience, adapting to their ever more sophisticated needs. Alix has been designed to fit a world where screen real estate is at a premium and an ever-expanding number of users are working remotely. Alix has a diminutive screen stature but is indisputably pixel for pixel the most powerful FX platform on the market.”
The extension comes as BNP rolls out enhanced functionality to Cortex FX, including a Gamma Algo with momentum protection and soft-stops; a new orders platform that also interacts with Bix, the bank’s internal exchange as well as with external liquidity, and BNPP Connect, a digital chat channel powered by Symphony.