BNP Paribas Expands NDF Capabilities Into Brazilian Real Markets

Fazzaco learned that BNP Paribas, the world's eighth largest bank by assets, is expanding its Non-Deliverable Foward (NDF) capabilities into Brazilian Real (BRL) Markets as a response to strong demand from clients for BRL currency pairs.

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BNP Paribas provides the bank in Brazil with a unique solution by leveraging the richest source of onshore liquidity on the Brazilian Mercantile & Futures Exchange (BM&F). This onshore liquidity will provide a dynamic and truly smart execution option for this market.

Global Head of Algo Execution at BNP Paribas, Asif Razaq said, "This expansion of our NDF capabilities into BRL emphasises the strong commitment we continue to make to digitalise our offering and enhance the excellent service we provide to our clients. By combining BNP Paribas'years of experience trading the BRL market with our award-winning algo platform, we have re-engineered our algo strategies to fit this unique landscape optimising client execution."

Earlier in March, Fazzaco reported that BNP Paribas has expanded its AI-based FX digital trading assistant ALiX​ to cover all FX products on its FX trading platform, Cortex FX. The assistant can now facilitate clients across the full FX products including spot, forwards, swaps, options, and orders.