BNP Paribas electronic markets global head Thomas Soede said CORTEX FX is an electronic application that is fully integrated in terms of product access, enabling clients to benefit from using a range of intelligent electronic tools and services.

"Additional asset class applications will be launched on the CORTEX platform in the coming months," said Soede.

The new platform provides full access of electronic foreign exchange products, tools and services through a single point of access, said the firm.

The system is based on Silverlight technology, which facilitates consumers to develop foreign exchange strategies, access market-leading research and execute, monitor and evaluate their foreign exchange trades, claims BNP Paribas.

With presence in over 80 countries round the globe, BNP Paribas engages in retail banking, investment solutions and corporate & investment banking.