Banks hail ‘golden age’ in FX amid evolving buy-side relationships
Panel of major banks at TradeTech FX agree the sell-side have changed the mentality around new product development, as the buy-side seeks increased automation and integration.
Tag: BNP Paribas
Foreign Exchange
BNP Paribas gives FX algos a voice with launch of ‘ALiX’ digital trading assistant
BNP Paribas takes a leaf out of Silicon Valley’s book with a Siri-style digital trading assistant, which is launching alongside real-time market analytics and interactive algorithms as part of major upgrade to the bank’s Cortex FX trading platform.
Barclays confirms gain of around $20 billion in Deutsche Bank prime balances
Jes Staley said Barclays has gained roughly $20 billion from Deutsche Bank as it targets growth of prime brokerage business.
BNP Paribas says Deutsche Bank prime brokerage transition will be finalised by summer 2020
Deutsche Bank hopes the transition will close by end of this year, but BNP Paribas has said it will likely be completed in its entirety by summer next year.
Deutsche Bank reveals over 900 equities jobs gone in transformation strategy cull
German institution details €3.1 billion net loss in Q2 2019 following initiation of dramatic restructuring plan.
BNP Paribas Securities Services expands front-to-back offering to hedge funds
Global custodians are increasingly seeking to evolve their business models, which have traditionally centred on the back-office, to include front-office services.
Deutsche Bank to transition prime brokerage and electronic equities franchise to BNP Paribas
Deutsche Bank agreement with BNP Paribas comes as bank plans to exit equities trading and to reduce its workforce by 18,000.
BNP Paribas promotes EMEA equity derivatives hedge fund sales head to global role
Walid Maaouni joined BNP Paribas in 2009 and has previously worked at Citi, Barclays and Goldman Sachs.
Vela links options trading platform to BNP Paribas FIX order gateway
Vela has completed a connection of its Metro trading platform to the FIX order gateway at BNP Paribas.
Buy-side urged to better understand underlying liquidity in FX algos
Panelists at TradeTech FX USA agreed that the buy-side has a better grasp on how algos operate, but less so about the underlying liquidity.