BNP Paribas stakes out CTAs
LONDON - BNP Paribas (BNPP) is to start targeting high-frequency trading accounts as part of its ambition to become a top five bank in FX. It will target the top 15–25 accounts in the US and the UK, with a focus on commodity trading advisers (CTAs), black-box and algorithmic trading accounts with assets of $5 billion–25 billion.
"Once we position BNPP as a top-five liquidity provider, we will gradually go down the curve to medium-size and small CTAs," said Francois Boisson, European head of the
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