BNP Paribas Gives FX Algos a Voice with Launch of ‘ALiX’ Digital Trading Assistant

The Trade reports BNP Paribas has unveiled its newly revamped FX algorithmic trading platform following a major upgrade, which includes the launch of interactive algo­rithms and real-time analytics delivered via an artificial intelligence-based digital trading assistant known as ‘ALiX’. ALiX, which BNP Paribas said is the FX industry’s first digital trading assistant, will deliver content and running commentary on execution to traders using the bank’s modernized Cortex LIVE platform. As market participants continue to battle with the onslaught of data volumes, ALiX will digest market information, presenting tangible options to improve algo execution mid-flight, effectively giving BNP Paribas’s FX algo­rithms a voice.