Industry first in FX: BNP Paribas launches Cortex LIVE with digital trading assistant, ‘ALiX’

BNP Paribas today launches its latest single dealer platform (SDP), Cortex LIVE, with an inbuilt digital trading assistant, ALiX.
Cortex LIVE responds to growing client demand for more intelligent execution methods, more transparency and enhanced controls. The platform features a real-time market intelligence portal, Insight LIVE, and the FX industry’s first real time digital trading assistant, ALiX.
ALiX works with Cortex LIVE to provide an interactive trading experience – delivering clients with a running commentary on execution and trading, important events like data announcements, market moves or changes in liquidity. ALiX and Insight LIVE represent the latest advances in artificial intelligence, as well as natural language processing and are capable of reacting to over 100,000 data points per second.
Cortex LIVE, Insight LIVE and ALiX are a direct product of BNP Paribas’ ongoing commitment to digital growth.
Asif Razaq, global head of FX algorithmic execution at BNP Paribas, said: “We are proud to launch Cortex LIVE and ALiX. Our continued innovation takes clients into the next digital era as ALiX delivers a live commentary on execution, key markets events and provides a pioneering user experience. The client has complete control, while ALiX enhances execution capabilities and offers full transparency throughout execution.”
Joe Nash, digital FX COO at BNP Paribas, said: “In a complex market we bring our clients solutions grounded in simplicity. We are excited to offer a bespoke personal trading experience, which navigates through an evolving market, adapting to our clients more sophisticated needs. Cortex LIVE is the ultimate in interactivity, the simplicity of ALiX unlocks the power of the large data set beneath.”
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Press Contacts
Sarah Shephard sarah.shephard@uk.bnpparibas.com +44 (0) 20 7595 6038
BNP Paribas CIB on Twitter – @BNPParibasCIB
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions
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in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.
BNP Paribas employs more than 9,000 people across 10 business lines in the UK. These include Corporate & Institutional Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate (including Strutt & Parker acquired in September 2017), Asset Management, Cardif Pinnacle, Commercial Finance, Personal Finance and Vauxhall Finance. Around half of its employees are in Corporate & Institutional Banking, based in London, while the others are based in various offices across the country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.