Recognition for BNP Paribas' pioneering work in next generation algo execution and workflow integration at Profit and Loss' 2019 awards.
As part of its Awards for Excellence in e-FX, the influential publication named BNP Paribas as the top bank in two categories, "Next Generation Algo Execution" for its CORTEX iX algorithmic execution suite and "Workflow Integration" for CORTEX Commodity Derivatives.
Profit and Loss' editorial team formed the jury in its Digital FX Awards, which focus on strategic shifts and technological advances in the fast-paced FX and commodities markets.
Rapid shifts in technology in this sector mean user experience and pioneering digital trading solutions are under the spotlight like never before, as greater transparency means more access for corporates and institutional investors alike.
Against this background, Profit and Loss commented that, "BNP Paribas has developed a superior execution experience."
"This award is great recognition of our effort to redefine what's possible in Algo execution," commented Asif Razaq, Global Head of FX Automated Client Execution at BNP Paribas.
"As clients grow increasingly familiar with algorithmic execution strategies, we are now to lifting the lid on our algos, giving live feedback and the ability to interact with execution mid-flight, putting clients firmly in the driving seat."
"Commodities markets are digitalising at a rapid clip, and it is great to be recognised as a driver of this change," noted Ronan Julien, Global Head of Commodity Derivatives eDistribution at BNP Paribas.