[ 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
BNP Paribas’ overall average score in this year’ s survey was 6.46, an impressive improvement from 2024 with an increase of 0.26 and also occupying the top slot amongst its peers by a healthy margin. Not surprisingly, the firm saw increases across every single category in 2025, with the largest year-on-year increases being customer support( 0.48) and customisation features( 0.45) and ease of use( 0.38). The least improved service area was anonymity, which still grew slightly by 0.08. The broker’ s highest scores was recorded in customer support( 6.65).
BNP Paribas outperformed the benchmarks across all 15 categories under review, with most scores sitting at a 0.4 or higher against the category average. Three scores in particular stand out: customisation features, execution consulting and sophistication of smart order routing, which outperform the category averages by 0.69, 0.57 and 0.57 respectively.
This year, BNP Paribas received 122 responses,
which ranks the bank first amongst its peers in terms of submissions. Around 40 % of long-only managers responding to this year’ s survey that do business with BNP Paribas indicate they have more than $ 50 billion in AUM. The UK( 8 %) and Europe( 83 %) collectively represented 91 % of the respondents, with the remainder split across North America( 4 %), Asia-Pacific( 4 %) and ROW( 1 %). The most commonly used performance measurement metrics were VWAP TCA and implementation shortfall TCA.
Sample feedback from respondents included the following:
• Very helpful personalised customer support
• More enhancements around pre-trade and posttrade analysis documents
• Liquidity seeking closing algos
• Better price competitiveness and improved price quality
• Increased algo monitoring abilities
BNP PARIBAS RATINGS FOR ALGORITHMIC PERFORMANCE
Increased trader productivity |
Reduced market impact |
Execution consistency |
Cost Speed Anonymity Price improvement Customisation |
6.42 6.52 6.49 6.26 6.32 6.55 6.40 6.54
Ease of use |
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility and sophistication of SOR |
Algo monitoring |
Average score |
6.50 6.39 6.65 6.43 6.40 6.54 6.46 6.46
KEY STATS Overall Outperformer: Category Outperformer: X15
6.65 Highest score( Customer support) |
6.26
Lowest score( Cost)
|
0.48
Most improved( Customer support)
|
0.08
Least improved( Anonymity)
|
|
|
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Issue 83 // thetradenews. com // 67 |