BNP Paribas embeds digital assistant in single dealer platform

BNP Paribas embeds digital assistant in single dealer platform

BNP Paribas is claiming an FX industry first with the release of a single dealer platform, Cortex Live, with an inbuilt digital trading assistant going by the name of ALiX.

ALiX works with Cortex LIVE to provide clients with a running commentary on execution and trading, as well as important events like data announcements, market moves or changes in liquidity.

The AI bot is capable of reacting to over 100,000 data points per second, says the bank, offering clients a comprehensive view of changing market conditions.

Asif Razaq, global head of FX algorithmic execution at BNP Paribas, says: “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.”

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