Lloyds and BNP Paribas Team Up to Launch FX Execution Algorithms—Because Manual Trading Is So 2020

Two banking giants join forces to automate foreign exchange trades—cutting costs, bypassing human error, and maybe even saving a few jobs (just kidding, those are definitely gone).

Algorithms now handle what traders once did—faster, cheaper, and without coffee breaks. The future of FX is here, and it doesn’t take lunch.

Another win for efficiency—and another blow to the romance of shouting on trading floors. Progress marches on, even if it’s written in code.

• Lloyds has partnered with BNP Paribas to deliver FX Execution Algorithms to clients
• The strategic partnership will offer market-leading algo capabilities for Lloyds’ clients
• The collaboration supports Lloyds’ broader digital FX strategy while delivering an enhanced, technology-driven client experience

Lloyds announced a partnership with BNP Paribas to offer its corporate and financial institution clients access to market-leading FX Execution Algorithms (EAs). The partnership will see Lloyds deliver an FX Algorithmic Execution Service supported by BNP Paribas’ leading edge solutions – helping clients to execute large FX trades more efficiently, while retaining transparency and control through robust Transaction Cost Analysis (TCA).

Execution Algorithms now represent a growing share of global spot FX volumes, particularly among buy-side participants, as demand for data-driven execution continues to rise. These tools offer sophisticated capabilities for hedging large exposures and can provide clients with detailed analytics to support trading decisions, helping to demonstrate best execution.

Lloyds clients will gain access to the full ALGO technology stack, which includes flexible execution strategies tailored to individual trading objectives. This will allow users to define strategies aligned with their risk appetite, supported by interactive features such as limit pricing and start/stop times. Clients can amend, pause, resume, or cancel orders mid-execution, while benefiting from real-time analytics, comprehensive TCA reporting, and dedicated user support.

 “This partnership marks a significant milestone in our commitment to continually invest in enhancing our clients’ experience. As FX market and risk dynamics shift, integrating algorithmic execution technology into our Lloyds platform ensures we continue to offer market leading FX solutions to meet the needs of our clients.”

“We’re excited to partner with Lloyds and to expand the availability of next generation algorithms to a new group of clients. We are actively expanding our footprint using exclusive offerings in target markets as we continue to develop and refine our platform.”

Source: Lloyds