Companies

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Netdania

The best alternative to expensive legacy systems for trading, news and analysis

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TTMzero

Fully digitized RegTech and capital markets software solutions

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FairXchange

State-of-the-art analytical tools for trading firms

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Athena

Workflow automations for buy-side participants

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CobaltFX

Leading provider of credit & post-trade FX infrastructure

Products

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Market Data Solutions

Cutting Edge Technology and Market Data.

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Data Visualisation

Advanced Real-Time Data Visualisation

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Trading Technology

Unleash the power of trading platforms.

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Fair Value Pricing

Independent fair value pricing for added transparency where current prices are not readily available

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Evaluated Real-Time Market Data

Independent real-time market data feeds at a fraction of the cost

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Key Figures and Risk Indicators

Precise indications of the risk and return probabilities for financial products

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Financial Instruments Automation Platform

Reliable and cost-effective digitization process for securities and OTC trades

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Liquidity Management

Unparalleled insight into your trading with data visualization

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Athena - OMS/PMS

Highly flexible Investment Management System

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Dynamic Credit

One credit limit - multiple market access points

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Post-trade Automation

Eliminate systemic risk, manual processes and reconciliation

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Trade Notification Network

Enhances your business’ operational robustness and resilience

Athena, your OMS/PMS platform

  • Dynamic as your business
  • Manage your entire investment process
  • Instantly assess risks & monitor performance
  • Record financial transactions real-time
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July 2nd 2024

2 min read

BNP Paribas champions innovation in credit distribution with CobaltFXs Dynamic Credit

BNP PARIBAS COBALTFX COLLABORATION

BNP Paribas, an early adopter of CobaltFX’s Dynamic Credit, further expands its engagement with CobaltFX, part of United Fintech, to address regulatory and industry concerns, setting a new standard for precision and effectiveness in market operations. 

Following the onboarding of Dynamic Credit, BNP Paribas has expanded the solution to simplify and streamline the allocation of credit for FX transactions between banks and improve access to liquidity. Now covering over 100 counterparty banks, BNP calculates dynamic credit across 12 Electronic Communication Networks (ECNs), optimising global credit and eliminating carve-outs.

This strategic expansion underscores BNP Paribas’s commitment to innovation and efficiency in credit allocation, enhancing market access for Financial Institutions worldwide. By harnessing the power of CobaltFX’s Dynamic Credit and the newly developed CobaltFX Analytics, BNP Paribas addresses regulatory concerns and sets a new standard for precision and effectiveness in market operations.

Joe Nash, Head of Global Macro Digital at BNP 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 CobalFX Analytics allows us to right size our limit for each counterparty whilst improving market access with them”

Darren Coote, CEO of CobalfFX, part of United Fintech expressed: “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.”

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