Cortex FX Orders
Employing cutting edge trading technology, Cortex FX offers you more than just ef cient execution; it’s your one stop point of access to a range of intelligent electronic products, tools and services from BNP Paribas. Whether you want to develop innovative trading strategies, execute trades or monitor and evaluate your trading activity, Cortex FX has been designed to offer you a fully integrated trading environment that is simple to use and allows you the freedom to concentrate on taking advantage of every trading opportunity.
Explore the benefits of our
FX Orders
Take Profit Orders
Cortex Take Profit Orders use a Hybrid of BNP Paribas liquidity, direct Market Liquidity and liquidity sourced from the BNP Paribas Internal Exchange (BIX). BIX allows matching against all internal BNP Paribas entities including our award winning Algo business.
Partial Fills
This hybrid liquidity along with partial fills functionality, produces an enhanced fill. For All or Nothing Orders that are not fully filled by NY close, BNP Paribas will unwind the order back into the market.
Stop Loss Order
Cortex Stop Loss Orders give you the ability to select exactly when your stop loss Order will be triggered. Various options are available, including spread crossed, mid touched, spread touched or price traded. Each of these options will use external primary market data as a reference point to ensure complete transparency. All Stop Loss orders are lled on an All or Nothing Basis.
NDF Orders
As part of BNP Paribas’ competitive orders offering, we provide the ability to execute orders in NDF currencies. Due to NDFs being most liquid at the 1 month tenor, all Cortex NDF orders can only be executed on the 1 month tenor. However, clients may be able to roll a trade to a settlement date of their choice. Our NDF Orders also have an Active Window, due to them being most liquid during their local market hours. They will become dormant outside of these times to ensure that the order is not executed in illiquid market hours.
Trailing Stop Loss Order
Cortex Trailing Stop Loss Orders allow you to protect your gains against adverse market movements. The trigger rate will follow the market rate by the speci ed pips interval when the market moves in your favour, however, it will stay constant when it moves against you, allowing you to exit the position when the market drops by the speci ed pip interval.
Linked and Complex Orders
As well as Take Profit and Stop Loss orders, our order offering also allows both linked and complex orders which can help you create a more complex trading strategy. With linked orders, when one order is triggered this will also effect the order it was linked with. Linked orders available on Cortex include:
• If Done
• OCO (one cancels other)
• If Done OCO
• Repeat
• Trailing Stop loss
Live Orders Tracking
Track all your orders in real time with our new enhanced orders blotter, allowing you to see how close your orders are to being executed in real-time.
Bulk Order Upload
You can save time by uploading and placing multiple order at once by using our Bulk Order Upload functionality. Importing a CSV le or Paste directly into Cortex.
Compatible with ALiX
Introduce yourself to your digital trading assistant, ALiX, who will save you both screen space and time. Just type your request into ALiX and watch your tile be produced in second. ALiX understands all FX products from Swaps to Complex Options and Orders such as ‘OCO’ and ‘If Done’. When using the desktop App, pop ALiX out straight on to your desktop to optimise your screen space.
Available in Cortex FX
Cortex FX is our advanced multi-product FX trading platform. Whether you want to develop innovative trading strategies, execute trades or monitor and evaluate your trading activity, Cortex FX offers a fully-integrated trading environment that is simple to use, giving you the freedom to concentrate on taking advantage of every trading opportunity.
Latest News on Cortex
Cortex is recognised as OTC Trading Platform of the Year, as single dealer platforms gain traction with their innovative features and functionality.
BNP Paribas recognised for its corporate FX and forwards and swaps capabilities at the FX Markets eFX Awards 2024.
BNP Paribas receives four accolades at the Euromoney FX Awards 2023 for its FX trading capabilities and market-leading technology, ALiX.
