OpenFin Partners With BNP Paribas for FX Platform

OpenFin, a financial technology company, announced on Friday that BNP Paribas has built and deployed its single dealer FX platform, Cortex LIVE, on the OpenFin operating system.

Cortex LIVE offers users Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term methods, greater transparency, and enhanced controls. The platform features a real-time market intelligence portal, Insight LIVE, data visualization, and a real-time digital trading assistant - ALiX.

"The combination of Cortex LIVE and ALiX provides our clients with better execution capabilities as well as an unrivalled digital user experience," said Chris Meehan, head of product management, eCommerce, and digital at BNP Paribas.

"Leveraging OpenFin to develop and deploy our platform has been pivotal in upgrading our technology stack, solving multiple workflow problems and ensuring our platform is future-proof.”

Old partners

As a result of building on OpenFin OS, Cortex LIVE can now be integrated with end client workflows and other complementary applications.

Application interoperability is enabled by industry-wide adoption of OpenFin’s message bus and the FDC3 interoperability standard spearheaded by OpenFin.

“We have been collaborating with BNP Paribas for a number of years on internal smart desktop projects and are delighted they are now deploying this client-facing platform, Cortex LIVE, on OpenFin," said Adam Toms, CEO of OpenFin Europe.

"Cortex LIVE is rich in data visualisation, workflow Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term and client integration, which we believe are key components for next-generation applications.”