I traipsed off down to Canary Wharf this week to see a demo of the latest bells and whistles that have been added to Barx, Barclays’ FX platform. Ostensibly, the addition of ‘PowerFill Orders’ gives Barclays a wider range of algorithmic capabilities. I say ostensibly, because as I’ve written before, I’m not entirely sure that the demand for algos is as great as we’ve been led to believe.
They clearly do have a use – whenever I’ve been at conferences where the buy side has been asked whether or not they will use algos, they invariably say they will.
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