BNP Paribas launches new algo for BRL markets

BNP Paribas is expanding its Non-Deliverable Forward (NDF) capabilities to now include Brazilian Real (BRL). This new development comes following strong demand from clients for BRL currency pairs, highlighting the bank’s client-focused approach.

June, 2021

Asif Razaq
Asif Razaq

BNP Paribas continues to grow its local market presence in Brazil providing the bank with a unique solution by tapping into the richest source of on-shore liquidity on the Brazilian Mercantile & Futures Exchange (BM&F).

Commenting on the launch Asif Razaq, Global Head of Algo Execution at BNP Paribas 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.”