BNP Paribas has announced it will buy currency risk management platform Kantox.
In Brief:
Kantox offers a solution for hedging strategies which it calls a “one stop shop”.
It can be implemented via an API.
BNP Paribas has been offering the solution to clients for three years.
What does this mean?
With the purchase BNP Paribas will increasingly offer Kantox’s software to both large corporates and some smaller to mid-size businesses.
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