VENUE FILE · filed 2026-09 · last re-checked 2026-09
BNP Paribas FX (Global Markets) — the liquidity layer, one venue at a time
BNP Paribas FX, a Tier-1 bank, plays a crucial role in the FX market structure through its multi-product e-FX platform and extensive global liquidity.
BNP Paribas SA (FX via Global Markets); UK dealing via BNP Paribas London Branch · Paris, France · evidence score 98/100
Licence, read on the register
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| ACPR (ECB lead supervisor) | not verified | France | tier-1 | open source ↗ |
| FCA (BNP Paribas London Branch) | not verified | UK | tier-1 | open source ↗ |
| SEC/FINRA (BrokerCheck, BNP Paribas Securities Corp.) | 8-32682 | US | tier-1 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
- 3testable claims
- 3venue-measured claims
- 4named data centres
- Global FX leader across 75+ currency pairs and derivatives products (usa.bnpparibas Global Markets page)
- Cortex FX is BNP Paribas' advanced multi-product forex trading platform (bnpparibas.bank.in global-markets page)
- BNP Paribas London Branch is registered in the UK under number FC13447, UK establishment BR000170 (securities.cib.bnpparibas legal-information page)
Claims we cannot verify from outside
- 'global leader in FX' rank/positioning (self-measured)
- AI e-trading platform performance claims (self-measured)
- Automated FX 61-currency scope reported by marketsmedia citing BNP Paribas — media-sourced, treated as unverified
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| FX spot, FX forwards, FX swaps, NDFs, FX options, FX derivatives | CME FX, EBS, Reuters, CLS | FIX, REST/API (BNP Paribas Markets API), Cortex FX platform | Corporates, Financial institutions, Asset managers, Banks | Retail clients |
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to assess than one that doesn't. The refusal list is treated here as disclosure, not as a defect.
What the desk watches next
The follow-up plan attached to this file — each item re-checked on a future pass, dated and kept falsifiable.
- Self-measured claims on market leadership
- Regulatory licensing details