back Back

Barclays boosts BARX’s e-trading offering with new FX products

By Megha Bhattacharya

April 01, 2021

  • Barclays
  • Europe
Share

Barclays has announced the launch of a new suite of products for BARX FX in a bid to boost its electronic capabilities and strengthen its FX offerings for clients. Barclays stated that corporate and institutional clients can now leverage BARX Book for FX, Barclays’ principal liquidity solution that forms an important part of BARX Gator. The enhanced solution now gives clients access to unique principal liquidity streams, as well as an increased number of external liquidity providers.

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

Clients can also access Gator Adapt, Barclays’ new implementation shortfall algorithm available within the BARX Gator suite of algorithms. This new algorithm 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 that is intended to minimize the market impact for a given level of risk. The company has also launched BARX Direct, the platform’s improved low latency solution which uses innovative pricing models, predictive analytics, and an optimized co-location strategy.

Recently, Barclays announced a partnership with UK-based online pension provider, Smart Pension. The bank will now be able to introduce its business banking clients to Smart Pension via the Barclays website. Smart Pension offers an online portal for both the employer and employee so that individuals can easily manage their participation in the scheme. The portal can be integrated with other administrative programmes such as payroll, admin, reporting and compliance capabilities.

Previous Article

April 01, 2021

5 fastest growing FinTech companies in New York City

Read More
Next Article

April 01, 2021

Singapore FinTech Endowus raises $17m in series A funding round

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

Barclays

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 15, 2024

SBI SECURITIES partners with Broadridge for post-trade solution

Read More

April 08, 2024

SUNRATE brings Apple Pay to its Commercial Credit Card users

Read More

April 01, 2024

Paysend and Currencycloud sign major global expansion deal

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023