[ I N - D E P T H
|
F O R E I G N
E X C H A N G E
A L G O R I T H M S ]
3
THIRD GENERATION –
ADAPTIVE ALGORITHMS
Third-generation FX algorithms
are developed by BNP Parib-
as in the form of Chameleon
and Viper using basic artificial
intelligence technology to
inform and empower the algos
to switch strategies as an order
is being worked.
Paribas for almost a decade, was
tasked with developing the bank’s
expedition into FX algorithms
and soon developed what would
become the third generation algo:
adaptive algorithms.
Razaq says he deployed ba-
sic forms of AI technology and
real-time insights so that the algos
can self-adjust when working a
trade. At that time, BNP Paribas
launched two adaptive algorithms,
Chameleon and Viper, providing
clients with both aggressive and
60 // TheTrade // Fall 2019
4
FOURTH GENERATION –
INTERACTIVE ALGORITHMS
BNP Paribas unveils ALiX,
Insight LIVE and Cortex LIVE
platform with fourth-gener-
ation interactive algorithms
that allow traders to switch off
autopilot mid-flight and take
control of algo execution.