SOURCE: BNP Paribas

BNP Paribas

March 07, 2012 04:00 ET

BNP Paribas Boosts Its Electronic Trading Offering for Clients With Launch of CORTEX FX

NEW YORK, NY--(Marketwire - Mar 7, 2012) - BNP Paribas announces the launch of its advanced, electronic foreign exchange trading platform -- "CORTEX FX" -- which provides an innovative multi-product solution for corporate and financial institutional clients to manage their foreign exchange requirements.

CORTEX FX is a new and technologically-advanced platform, designed to provide clients with a single point of access to the full breadth of electronic foreign exchange products, tools and services. Built in-house using Silverlight technology, CORTEX FX enables corporate and financial institution clients to develop foreign exchange strategies, access market-leading research and execute, monitor and evaluate their foreign exchange trades.

"CORTEX FX represents an exciting new product launch for BNP Paribas' clients. We have developed a new electronic application that is fully integrated in terms of product access, enabling clients to benefit from using a range of intelligent electronic tools and services. Additional asset class applications will be launched on the CORTEX platform in the coming months," said Thomas Soede, Global Head of Electronic Markets at BNP Paribas.

BNP Paribas Corporate and Investment Banking has invested heavily in developing and upgrading its electronic trading capabilities over the past year, based on dialogue with clients and a significant increase in electronic trading volumes. CORTEX FX is the culmination of these investments, offering clients a fully-integrated and highly customisable 'trading journey', from pre-trade through to post-trade services.

Following the launch, Arne Groes, Global Head of Sales says: "CORTEX FX will be a key component for BNP Paribas' global FX credentials. Its rich functionality and innovative trading technology underpins the bank's on-going commitment to clients' foreign exchange trading requirements. We are confident that CORTEX FX can help propel the bank's broad ambitions, as we look to compete at the forefront of the electronic markets space."

About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in 80 countries with nearly 200,000 employees, including more than 150,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.