BNP Paribas launched its latest single dealer platform (SDP), Cortex LIVE, with an inbuilt digital trading assistant, ALiX.
The platform is intended to meet client demand for more intelligent execution methods, more transparency and enhanced controls. The platform features a real-time market intelligence portal a digital trading assistant named ALiX.
ALiX gives running commentary on execution and trading, important events like data announcements, market moves or changes in liquidity. ALiX and Insight LIVE represent the latest advances in artificial intelligence, as well as natural language processing and are capable of reacting to over 100,000 data points per second.