[ X X X X X X X X X X ]
figuring out when you expect to put a particular trade
on and provide pricing to you in that regard, there’s a
whole sphere of functionality that we can bring to the
FX space through ALiX.”
In the long-term, BNP Paribas aims to take the
new technologies in the form of ALiX and the new
functionality and analytics on Cortex LIVE to other
financial instruments and asset classes. Cortex LIVE,
ALiX, as well as interactive algos Chameleon and
Viper, could soon embark on a journey into equities
or fixed income. BNP Paribas says this expansion is
being considered amid a trend towards multi-asset
trading in asset management.
“We are now looking to extend
our award-winning algo execution
service to other asset classes such
as fixed income, futures and so
on. This is against the backdrop of
the buy-side consolidating their
activities and forming multi-asset
trading desks. Eventually, we want
ALiX to become that multi-asset
BNP Paribas trading assistant,”
Razaq concludes.
Issue 61 // TheTradeNews.com // 63