Cutting-edge FX spot algorithm execution
CORTEX Intelligent Execution (CORTEXTMiX) is our award-winning FX spot and NDF algorithm execution service. CORTEX iX has been designed to provide clients with access to bespoke algorithmic strategies whose primary goals are to capture price improvements, minimise market impact and ultimately achieve optimal execution by reducing overall transaction costs. CORTEX iX employs next generation “adaptive” execution technology to continually monitor the markets and interpret possible market movements. This in-build intelligence allows CORTEX iX strategies to achieve optimal execution by adapting its execution behaviour.
CORTEX iX employs 3 execution algorithms: Chameleon, Viper and Iguana. CORTEX iX allows users to simply define a strategy based on their risk appetite and begin trading. This user friendly experience is then augmented with a range of interactive features which will allow the client to set the precise parameters for how they want to execute.
ALiX is here to help you through every step of your execution, allowing you to interact by asking questions or responding to market updates and alerts to optimise your execution in-flight. ALiX’s real time commentary will enable you to digest important information events such as central bank announcements, market events or changes in liquidity.
BNP Paribas’ 4th generation of algorithms continually monitor the markets, interpreting possible market movements by employing adaptive execution technology. This allows CORTEX iX strategies to achieve optimal execution. The algorithms are designed to service different levels of risk appetite. This is guided by finding the right balance of exposure between market risk and market impact.
A customised service allowing you to design bespoke strategies from the core components of the algo suite. Flex iX enables you to tailor our algos, driving performance to fit your needs whilst maintaning the simplicity & familiarity of executing with BNP Paribas.
A fully auditable, post-trade report is generated instantaneously post-execution, which provides a full breakdown of the execution and is designed to meet the needs of client’s internal execution policies.
All orders submitted to CORTEX iX are handled with enhanced confidentiality by the Automated Client Execution (“ACE”) desk which is segregated from BNP Paribas FX trading and sales desk.