Iguana

Iguana is an adaptive time-based algorithm that looks to dynamically work an order on a user-defined schedule.

Explore the benefits of
Iguana

Passive Paced over a fixed time window

Passive Paced over a fixed time window

Iguana is an adaptive time-based algorithm that looks to dynamically work an order based on a user-defined schedule. Similar to TWAP characteristics, Iguana uses advanced logic that enables it to react favorably to market movements.

Dynamic Speed

Dynamic Speed

Iguana adapts the speed of execution based on a user-defined end-time or duration, and looks to passively fill an order while constantly adapting to the market environment.

Real Time Analytics and Inflight Control

Real Time Analytics and Inflight Control

Manage your execution inflight using our real time analytics to understand the current market landscape and use functionality such as ‘get me out’ to take control of your execution.

Pre Trade TCA

A cutting edge analytical tool providing you with an interactive and dynamic overview of the current market environment. This allows you to simulate the performance of your order and choose the correct strategy, depending on your objectives.

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 seconds. ALiX understands all FX products from Swaps to Complex Options and Algos. When using the desktop App, pop ALiX out straight on 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.

CORTEX iX employs 3 execution algorithms: Chameleon, Viper and Iguana. CORTEX iX allows users to simply dene a strategy based on their risk appetite and begin trading. This user friendly experience is then augmented with a range of interactive features which will allow you to set the precise parameters for how you want to execute.

Meet the rest of the
Algo family

Latest News on Cortex

03 news

Cortex is recognised as OTC Trading Platform of the Year, as single dealer platforms gain traction with their innovative features and functionality.

BNP Paribas picks up two awards at the FX Markets eFX Awards 2024

BNP Paribas recognised for its corporate FX and forwards and swaps capabilities at the FX Markets eFX Awards 2024.

ALiX: Euromoney recognises BNP Paribas’ market leading technology

BNP Paribas receives four accolades at the Euromoney FX Awards 2023 for its FX trading capabilities and market-leading technology, ALiX.