Lloyds has partnered with French bank BNP Paribas to deliver FX execution algorithms to its corporate and financial institution customers.

The British bank said that the service, which will be supported by BNP Paribas’ edge solutions, comes as execution algorithms represent a growing share of global sport FX volumes, particularly for buy-side participants.

It added that these tools offer “sophisticated capabilities” for hedging large exposures and can provide its corporate customers with detailed analytics to support trading decisions, helping to demonstrate best execution.

Customers at Lloyds will have access to the full algo technology stack, which includes flexible execution strategies tailored to individual trading objectives.

The UK financial institution says this will allow users to define strategies aligned with their risk appetite, supported by interactive features such as limit pricing and start/stop times.

Customers can also amend, pause, resume, or cancel orders mid-execution, while also gaining access to 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," said Rob Hale, head of financial markets, Lloyds. "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.”

Asif Razaq, global head of FX automated client execution at BNP Paribas welcomed the move, describing it as an opportunity 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," he added.

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