June 24, 2022
  • June 24, 2022

BNP Paribas launches Cortex ATS in the United States

By on October 14, 2021 0


NEW YORK–(COMMERCIAL THREAD) – BNP Paribas today announced the launch of its Cortex ATS platform in the United States, enabling the bank to offer a full range of solutions and services to its quantitative and fundamental investor clients worldwide . The Cortex ATS platform will allow BNP Paribas clients to access a non-displayed liquidity platform accessible from all execution channels. The ATS platform builds on the bank’s existing Cortex platform for listed stocks, currencies, rates and derivatives. Recent enhancements to the Cortex Equities platform include a new data center and exchange connectivity as well as new upgrades focused on quantitative research of intelligent order routing logic and algorithmic trading strategies.

As a world-class equity execution platform, Cortex Equities forms the core of a broader range of equity execution services for portfolio execution, electronic trading and traded funds. high sensitivity stock market (ETF). BNP Paribas’ highly experienced hedging team will use cutting edge technology and advanced analytics to deliver best execution to clients. Additionally, the Integrated Execution Services model will deliver a unique, customer-centric execution experience and consistency across all channels.

“Cortex Equities will now provide our institutional equity clients with world-class execution technology and service offering tailored to the needs of their individual portfolio implementation demands for a wide range of investment strategies,” said said Brian Fagen, Head of Execution Services for the Americas at BNP Paribas. “As a result, our innovative new equity execution offering will help strengthen our partnerships with global clients. ”

Cortex Equities is an essential part of the bank’s efforts to strengthen its overall equity offering. BNP Paribas has finalized the acquisition of 100% of Exane, increasing its stake from the 50% previously held during a successful 17-year partnership. By relying on Exane’s expertise in cash equities (execution and research) and derivatives, the transaction will strengthen and further expand the range of equity and derivative services that BNP Paribas can offer to institutional investors and companies in the whole world. This, together with the migration of the Global Prime Finance and Electronic Equities activities from Deutsche Bank to BNP Paribas, will position the bank as a leading supplier in Global Equities.

“This is an important step in our ambition to be one of the world’s top brokers and to strengthen our equity complex with a holistic offering in this key asset class,” said Ashley Wilson, Global Head of top-notch services at BNP Paribas. “Ultimately, the strength of our action capabilities will allow us to continue to be a true partner for our customers in all regions. ”

In addition, the launch of Cortex ATS is a key step in the migration of the Global Prime Finance and Electronic Equities platform from Deutsche Bank to BNP Paribas. In 2019, BNP Paribas and Deutsche Bank signed and announced an agreement for the transfer of technology and key personnel of the Global Prime Finance and Electronic Equities business from Deutsche Bank to BNP Paribas. Global migration is well underway and has entered its final phase. It should end at the end of 2021.

About BNP Paribas

BNP Paribas is the leading bank in the European Union and a key player in international banking. It is present in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group occupies key positions in its three main areas of activity: Retail Banking for the Group’s retail banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Relying on its highly diversified and integrated model, the Group helps all its clients (individuals, associations, entrepreneurs, SMEs, companies and institutions) to realize their projects through financing, investment, savings and savings solutions. foresight. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is deploying its integrated retail banking model in several Mediterranean countries, in Turkey, in Eastern Europe as well as through a large network in the western United States. A key player in international banking, the Group has leading platforms and businesses in Europe, a strong presence in the Americas as well as a solid and growing activity in Asia-Pacific.

BNP Paribas has implemented a Corporate Social Responsibility approach in all of its activities, enabling it to contribute to building a sustainable future, while ensuring the performance and stability of the Group.

About BNP Paribas in the USA

BNP Paribas has built a strong and diversified presence in the United States to support its customers. The bank employs nearly 14,000 people and has had a presence in the United States since the late 1800s. Bank of the West serves more than 2 million individuals and small and businesses through a network of approximately 600 branches and centers. ‘business. Large corporates and institutional clients are served by the Corporate & Institutional Banking franchise of BNP Paribas which is present in the main cities of the United States, in addition to a global reach thanks to a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as real estate and fleet services through partnerships.

For more information, please visit www.usa.bnpparibas.com/en/.