[ S U R V E Y | A L G O R I T H M I C T R A D I N G ]
BNP Paribas
Previously marketed as BNP Paribas Exane , this year , following the merge , the institution is listed under the banner of BNP Paribas , with all clients now having been migrated over to the BNP Paribas system , and the Exane algo suite being integrated into the BNP Paribas stack .
Under BNP Paribas ’ 2025 growth strategy , the bank is aiming to accelerate technological innovation and cross-business collaboration in order to enhance customer experience and provide best-in-class capabilities to its clients .
Unlike last year , BNP Paribas has reported very little in its provider questionnaire , other than highlighting its recent name change . However , there is still plenty of high points when it comes to this provider .
Across the board BNP Paribas has outperformed in all 15 categories , and has beaten the average , being marked as an overall outperformer once again . However , unlike last year , it would seem that traders are not so enamoured with BNP Paribas as they once were . Thirteen of the 15 categories covered by this survey have each seen a slight decline in their score . One trader suggests that this may be due to the recent merger , with a desk
head commenting that the “ service ( especially post-trade ) deteriorated heavily since the BNP acquisition of Exane ”.
However , although the score for customer support has fallen 0.28 since last year , it still remains firmly “ very good ” with a score of 6.28 . Additionally while one respondent reported being unimpressed with BNP Paribas , other traders seem perfectly content with the service they are receiving , commenting on their attentive nature .
It is worth noting that while last year , every category scored within the “ very good ” range , this year , two categories have fallen down into “ good ” ( although only just ). Both price improvement and routing logic analysis have seen a downward turn this year , although both remain firmly above the overall average score .
This year , BNP Paribas received 101 responses , with the majority coming from Europe ( 82 %), with just 8 % from the UK , 7 % from the USA and the remainder from ROW . Over a third of respondents ( 35 %) report to having an AUM of more than $ 50bn , and only 9 % report that they are looking to make use of additional algorithmic trading providers over the next 12 months .
BNP PARIBAS RATINGS FOR ALGORITHMIC PERFORMANCE
Increased trader productivity |
Reduced market impact |
Execution consistency |
Cost Speed Anonymity Price improvement Customisation |
6.28 6.15 6.22 6.07 6.24 6.38 5.94 6.16
Ease of use |
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility and sophistication of SOR |
Algo monitoring |
Average score |
6.28 5.91 6.28 6.16 6.06 6.22 6.20 6.17
KEY STATS Overall Outperformer : Category Outperformer : X15
6.38 Highest score
( Anonymity )
|
5.91
Lowest score ( Routing logic analysis )
|
0.06
Most improved ( Algo monitoring )
|
-0.42
Least improved ( Routing logic analysis )
|
|
|
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Issue 79 // thetradenews . com // 79 |