State-of-the-art foreign exchange solutions for Lloyds clients
Amid constant changes in the foreign exchange market and evolving risk trends, Lloyds has announced a strategic partnership with our Corporate & Institutional Banking division to offer its corporate and financial institution clients access to market-leading foreign exchange (FX) execution algorithms. The partnership will see Lloyds deliver BNP Paribas’ award winning algorithm platform Cortex iX to its clients – helping them to execute large FX trades more efficiently, while retaining transparency and control through robust transaction cost analysis. Execution algorithms now represent a growing share of global spot FX volumes, particularly among buy-side participants, as demand for data-driven execution continues to rise. These tools offer sophisticated capabilities for hedging large exposures and can provide clients with detailed analytics to support trading decisions, helping to demonstrate best execution. Thanks to Global Markets’ expertise, Lloyds provides its clients with advanced algorithmic capabilities combined with an enhanced, technology-driven experience.
Digital assets reach a new key milestone
Tokenised money market funds are set to play a major role in the digital asset ecosystem, thanks to their ability to meet the expectations of investors and asset managers, who demand greater responsiveness in the placement and execution of their orders. In this rapidly changing landscape, BNP Paribas Asset Management has launched natively tokenised money market fund shares, testing transactions recorded on both private and public blockchains, in collaboration with Securities Services, as transfer agent and fund dealing service provider. By issuing a natively tokenised share class of an existing money market fund in Luxembourg as well as France, the Group is leveraging distributed ledger technology (DLT) to optimise operational efficiency and provide real-time information on subscriptions and redemptions. In the long run, when secured and regulated cash tokenisation will be broadly available, it will also lead to faster and more efficient settlements for clients. BNP Paribas Asset Management is thus accelerating in the digitisation of the money market fund shares, while demonstrating its commitment to providing its clients with innovative solutions to manage their assets.
