e-FX Awards: BNP Paribas – Best Bank Algorithmic Trading Technology Provider
The bank is developing its fourth-generation algos, with the aim of giving clients even more control over execution
Traditionally, the buy side had little reason to worry about being exposed to market risk as firms would pass on foreign exchange execution to dealers, whose job it was to figure out how best to handle that flow.
“I think the concept of clients taking market risk was a very new topic for the FX community. They have always been used to passing the risk on to the bank and locking in the trade price,” says Asif Razaq, global head of FX automated client execution at BNP Paribas.
But as algorithm
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