Peruvian BCP Taps Edgewater Markets’ for Pricing Technology

Edgewater Markets, a leading technology provider offering access to the FX and precious metals markets globally, made an announcement on Friday that Banco de Crédito del Peru (BCP), the largest lender in Peru, has joined its new trading platform.

The bank will now leverage EdgeFXLatam, which was launched by Edgewater earlier this year. Through this platform, BCP will gain a customized solution for its onshore clients' internal users, as well as global offshore market participants. EdgeFXLatam itself was designed in order to offer local Latina America-based participants streamed price technology.

BCP's Head of Sales&Trading, Fernando Pinglo gave comment about the matter at large. He expressed the bank's delight in this new partnership with Edgewater markets, stating that the solution they provide will be a game-changer in BCP's financial arena.

Pinglo highlighted how BCP now provides a fully automated implementation of the proprietary pricing strategies the bank offers. This, in turn, has allowed for the bank to expand its distribution levels, with risk managers and traders alike now capable of optimizing trade flows.

In the press release, it's explained that Edgewater Markets had made the hedging strategies and pricing algorithms of BCP electronic, allowing for the expansion of their distribution to various offshore counterparties.

Traders will be further provided with a veritable suite of risk and price tools by Edgewater, allowing them to augment their respective price strategies even further.