BNP Paribas Incorporates Luma’s Smart Derivatives API for Automated Pricing and Trading, Bringing Groundbreaking Change to Asset Servicing!

Share This Post

Tech News Summary:

  • BNP Paribas has connected to Luma Financial Technologies’ platform to offer automated pricing and trading through its Smart Derivatives API.
  • Luma users can view indicative and final term sheets and regulatory documentation automatically fed from the BNP Paribas Smart Derivatives API. The move aims to benefit users seeking maximum efficiency when creating structured products.
  • The integration with BNP Paribas is expected to provide customers on both sides access to an expanded range of financial instruments, as the world becomes increasingly digital and more banks are expected to adopt APIs as a means of enhancing customer experience and staying competitive.

In a move to revolutionize asset servicing, BNP Paribas has announced its embrace of Luma’s Smart Derivatives API for automated pricing and trading. This innovative technology will enable BNP Paribas to execute trades on derivative products with unprecedented speed and accuracy, completely removing the need for manual intervention.

The Smart Derivatives API will allow BNP Paribas to quickly and accurately price complex derivatives, improving the availability and efficiency of their services. The API uses advanced algorithms to process complex transactions and produce accurate pricing within seconds.

This marks a significant shift from the traditional methods of pricing and trading derivatives that are traditionally manual-intensive and subject to human error. With Smart Derivatives, BNP Paribas will be able to provide its customers with real-time access to accurate pricing for complex products such as CDS, ABS, and other derivatives.

According to Julien Feral, Head of Digital Transformation at BNP Paribas, “We are always looking for ways to improve our client experience and the adoption of Luma’s Smart Derivatives API is a great step towards achieving this goal. Our clients will now benefit from faster, more accurate, and reliable pricing of complex derivative products.”

Banks worldwide are under increasing competition to provide fast, accurate and efficient services to their customers. By embracing innovative technologies such as the Smart Derivatives API, BNP Paribas is leading the industry towards a new frontier of asset servicing.

Read More:

Related Posts