20 August 2017
Find out more

BNP Paribas Securities Services enhances FX platform

14 October 2010  |  2079 views  |  0 Source: BNP Paribas Securities Services

BNP Paribas Securities Services adds forwards and swaps to its automated foreign exchange (FX) product and now offers auto-FX with 24 hour coverage on 44 currencies.

BNP Paribas Securities Services has enhanced its FX platform 'FOX' and now offers clients passive FX hedging. Based on simple rules (net asset valuation of the portfolio, deal size and portfolio hedging cycle), the new system is able to evaluate hedging needs linked to an investment and to process automatically forwards and swaps.

BNP Paribas Securities Services now also offers 24 hour FX coverage including additional autoFX batches via its European, Sydney and New York desks. It captures client FX orders on trade date, rather than the next day, hence minimising their exposure to FX volatility.

Florence Bonnevay, head of market and financing services, BNP Paribas Securities Services comments, 'In today's challenging environment, clients are under increasing pressure to manage costs more effectively and minimise operational risk by automating processes. Our new offer allows institutional clients to benefit from the comfort of having a comprehensive automated service that manages FX risk exposure on portfolios invested in currencies'.


Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10037 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8413 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8058 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7993 views 0 | 3 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7322 views comments | 15 tweets | 13 linkedin

Featured job

London, UK (or flexible)

Find your next job