BNP Paribas Appoints Algorithm Viper to Lead Foreign Exchange Trading Operations

BNP Paribas Appoints Algorithm Viper to Lead Foreign Exchange Trading Operations

Rafaela da Silva
1 min read

BNP Paribas Appoints Algorithm Viper to Lead Foreign Exchange Trading Operations

In a move signaling a strategic shift in forex trading, French bank BNP Paribas has handed over the reins of its extensive foreign exchange trading operations to an algorithmic trader known as Viper. The algorithm, along with its counterparts Iguana and Chameleon, forms part of the Rex trading system, contributing to BNP Paribas's dominance in the $7.5 trillion daily forex market.

Key Takeaways

  • Viper, Iguana, and Chameleon are algorithmic trading systems utilized by BNP Paribas to simplify operations for hedge fund managers and corporate finance executives.
  • These systems are crucial components of the Rex trading platform, propelling BNP Paribas's success in the $7.5 trillion daily forex market.


BNP Paribas' move to appoint Viper in forex trading signifies a strategic shift towards enhanced algorithmic efficiency, driven by competitive pressures and technological advancements. This transition is expected to streamline operations for short-term market players, potentially augmenting BNP's market share. In the long run, this move could set a precedent for more banks to employ advanced AI in trading, ultimately reshaping the forex landscape.

Did You Know?

  • Algorithmic Trading Systems:
    • Algorithmic trading involves the use of computer programs to execute trades based on predefined criteria, typically operating at speeds and frequencies unattainable for human traders. At BNP Paribas, Viper, Iguana, and Chameleon are nicknames for these systems, designed to optimize foreign exchange trading operations.
  • Rex (Reptile-Themed Trading System):
    • Rex is BNP Paribas's proprietary trading platform, characterized by its reptile-themed naming convention for its algorithmic components, providing advanced tools and capabilities to enhance trading efficiency and performance.
  • $7.5 Trillion Daily Forex Market:
    • The forex market boasts a daily trading volume exceeding $7.5 trillion, making it the largest and most liquid financial market globally. BNP Paribas' strategic use of advanced algorithmic systems like Rex underscores its dominance in this highly competitive market.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings