About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

BNP Paribas Expands Use of CobaltFX’s Dynamic Credit to Enhance Market Efficiency and Regulatory Compliance

Subscribe to our newsletter

BNP Paribas has further expanded its use of CobaltFX’s Dynamic Credit solution, to improve the allocation of credit for FX transactions. The move aims to simplify credit distribution among over 100 counterparty banks, and to optimise global credit management across 12 Electronic Communication Networks (ECNs). The initiative is designed to address regulatory and industry concerns, setting a new benchmark for precision and effectiveness in market operations.

The expansion highlights BNP Paribas’s commitment to innovation and efficiency in credit allocation, enhancing market access for financial institutions worldwide. With the integration of CobaltFX’s Dynamic Credit and the newly developed CobaltFX Analytics, BNP Paribas continues to address regulatory concerns, further establishing its leadership in market operations, according to Joe Nash, Head of Global Macro Digital at BNP, who commented: “We see this as an important initiative to address regulatory and industry body concerns about the over-allocation and inefficiencies of credit distribution on dealer to dealer venues. Moreover, this approach, combined with CobaltFX Analytics allows us to right size our limit for each counterparty whilst improving market access with them.”

Darren Coote, CEO of CobaltFX, part of United Fintech, added: “This systemic problem has been long over-looked but there are a group of leaders in the industry that understand the benefits of this unique approach. We are very grateful for BNP’s leadership in this regard.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Smart Trader Desktops: Placing UX at the front and centre of the trading workflow

Trading strategy is in place, the technology stack is optimised and the trading team is highly skilled – but what about the user experience? Whatever the stack, the desktop, the trading apps and their functionality, a trading platform is only as good as its user interface (UI) and user experience (UX). This webinar will review...

BLOG

Exemptive Relief Expiry Alert: Fidessa Prepares for February 2025 CAT Deadline

The long-running consolidated audit trail (CAT) project has been a major industry achievement but with a compliance deadline rapidly approaching, exemptive relief on some particularly complex reporting issues is due to expire in February 2025. RegTech Insight caught up with ION’s Douglas Craig, Senior Product Manager at Fidessa who had raised concerns on the complexity...

EVENT

Future of Capital Markets Tech Summit: Buy AND Build, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Institutional Digital Assets Handbook 2024

Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and...