Barclays Enhances FX Capabilities on BARX

Barclays has unveiled three new FX products on its BARX single dealer platform that the bank says further enhances its electronic capabilities and strengthens its FX offerings for clients.

The bank has rolled out BARX Book for FX, its principal liquidity solution that forms a part of its BARX Gator aggregation suite, which provides clients with access to unique principal liquidity streams, as well as an increased number of external liquidity providers.

In addition, clients can now access Gator Adapt, Barclays’ new implementation shortfall algorithm available within the BARX Gator suite of algorithms. The new strategy allows clients to manage the trade-off between arrival price slippage and execution price risk and offers the flexibility to choose an execution style which is intended to minimise market impact for a given level of risk.

In a third evolution, Barclays has also launched BARX Direct, what it terms an “improved low latency solution which uses innovative pricing models, predictive analytics, and an optimised 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,” says 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.”