The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Barclays looks for internal efficiencies

Later versions are likely to include the ability to enter their own time-delayed orders, minus the potential of having their order front run – whoops! I mean, risk-managed – by the bank

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. So maybe Barclays is being exceptionally clever and delivering the tools for tomorrow today.

That said, the lack of availability of ‘PowerFill’ down an API might limit their use.

What Barclays is doing is though is trying to increase its liquidity pool on Barx.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree