Barclays enhances institutional FX trading platform

Rick Steves

BARX enables clients to optimize execution performance by accessing deep pools of liquidity across equities, fixed income, futures and FX.

Barclays has rolled out new products and features for its institutional FX trading platform, BARX FX.

The enhanced solution now leverages BARX Book, which is part of BARX Gator, to gives clients access to unique principal liquidity streams, as well as an increased number of external liquidity providers.

Gator Adapt was also introduced to address institutional algo needs. This one in particular allows clients to manage the trade-off between arrival price slippage and execution price risk and clients have the flexibility to choose an execution style which is intended to minimize market impact for a given level of risk.

BARX Direct, the third new feature, is the platform’s improved low latency solution which uses innovative pricing models, predictive analytics, and an optimized co-location strategy.

“We continue to execute our ambitious expansion efforts in electronic trading to enhance our global offering and bring our clients world-class efficiencies”, said Naseer Al-Khudairi, Global Head of Markets Electronic Trading and Digital Strategy at Barclays.

“These new BARX FX developments are the latest in a stream of enhancements to our BARX platform and we look forward to harnessing the momentum in our business as we continue to invest across all of our e-trading solutions.”

BARX enables clients to optimize execution performance by accessing deep pools of liquidity across equities, fixed income, futures and FX.

In 2020, Barclays launched new non-deliverable forwards (NDF) algorithms on the BARX electronic trading platform, including 1-month NDFs for multiple algorithms in seven Asian currency pairs; USD/CNY, USD/IDR, USD/INR, USD/KRW, USD/MYR, USD/PHP, and USD/TWD.

The launch aimed to address strong client demand, particularly in Asia, to trade NDFs in the same way as deliverable currencies. The electronification of the NDF inter-bank market has created an ideal environment to launch NDF algorithms and improve liquidity.

In December 2020, Britain’s last remaining investment banking business has launched a new equity trading platform in collaboration with the US Nasdaq exchange.

The new single dealer platform is called BARX Book For Equities and will be hosted by Nasdaq. BARX Book will provide the banks, institutional clients, with access to Barclays principal liquidity, in US single name stocks and ETFs.

Barclays is one of the world’s most prominent proponents of the last look execution procedure. Its BARX platform provides FX liquidity by streaming indicative prices on an in house and third party platform basis.

The practice of executing trades via ‘last look’ methodology has been the subject of regulatory discourse over recent times, however Barclays’ institutional BARX platform continues to offer a last look execution facility.

Read this next

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

““The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

<