Lloyds Partners with BNP Paribas to Offer Advanced FX Execution Algorithms to Clients

Lloyds Partners with BNP Paribas to Offer Advanced FX Execution Algorithms to Clients

(IN BRIEF) Lloyds Bank has entered into a strategic partnership with BNP Paribas to provide its clients with access to advanced FX Execution Algorithms. The collaboration will enhance Lloyds’ digital FX offering by offering clients sophisticated tools for executing large FX trades efficiently, while maintaining transparency and control. The partnership supports Lloyds’ commitment to providing innovative solutions to meet the evolving needs of its corporate and financial institution clients.

(PRESS RELEASE) LONDON, 3-Jun-2025 — /EuropaWire/ — Lloyds Banking Group, a leading UK based financial services group, has announced a strategic partnership with BNP Paribas to provide its corporate and financial institution clients with access to advanced FX Execution Algorithms (EAs). This collaboration aims to enhance Lloyds’ digital FX strategy, delivering a technology-driven and seamless client experience.

Through this partnership, Lloyds will offer an FX Algorithmic Execution Service, leveraging BNP Paribas’ cutting-edge solutions to help clients execute large foreign exchange trades more efficiently while maintaining transparency and control through robust Transaction Cost Analysis (TCA). The growing demand for data-driven execution is reshaping the global FX market, particularly among buy-side participants, and this partnership aims to meet that demand by providing sophisticated capabilities for hedging large exposures.

Clients of Lloyds will gain access to a full suite of algorithmic technology, including flexible execution strategies tailored to individual trading objectives. These strategies will allow clients to define their approach based on their specific risk appetite and include interactive features such as limit pricing, start/stop times, and the ability to amend, pause, resume, or cancel orders during execution. Clients will also benefit from real-time analytics, comprehensive TCA reporting, and dedicated user support to help them achieve best execution.

Rob Hale, Head of Financial Markets at Lloyds, commented, “This partnership marks a significant milestone in our commitment to enhancing our clients’ experience. As the dynamics of the FX market evolve, integrating algorithmic execution technology into our platform ensures that we continue to offer market-leading FX solutions tailored to our clients’ needs.”

Asif Razaq, Global Head of FX Automated Client Execution at BNP Paribas, added, “We are excited to partner with Lloyds to expand the availability of next-generation algorithms to a new group of clients. Our exclusive offerings are helping us expand our footprint in target markets, and we look forward to continuing to refine and develop our platform.”

About Lloyds Bank’s support for businesses

Lloyds Bank Corporate & Institutional Banking maintains active relationships with two-thirds of the FTSE 350, supporting clients with annual turnover in excess of £100m.

Alongside its well-established sector focus, the team supports clients through its leading green financing capability to support more clients with their transition plans.

It supports its clients with core banking solutions such as lending, deposits, transaction banking and risk management services. It also provides extensive expertise in capital markets, financial markets and private equity, all of which aim to meet the varying and often complex needs of its clients.

About BNP Paribas

Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates, and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

Media contact:

Sam Boden
samuel.boden@lloydsbanking.com
07868675107

SOURCE: Lloyds Bank plc