Barclays today announced BARX as its newly integrated, cross-asset
electronic trading platform across Equities, Fixed Income, Futures, and
FX. The unified offering will be represented under one name, BARX, with
numerous e-trading solutions and innovations available to clients.
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The BARX platform will: (1) harness Barclays’ data science capabilities
to deliver better trade analytics, (2) provide deep pools of liquidity
for each asset class and offer innovative solutions for accessing
liquidity, and (3) increase transparency and drive greater control and
visibility in electronic trading for clients.
“We are excited to announce that BARX will be our newly integrated,
cross-asset electronic trading platform that will continually innovate
and deliver expert analysis for our clients’ evolving needs,” says Nas
Al-Khudairi, Global Head of Electronic Trading at Barclays. “The
offering leverages BARX’s historical strengths as a respected brand, and
at the same time provides a platform to fuel growth across our global
markets franchise.”
“We believe bringing together each asset class under the BARX brand will
help drive innovation and create a better trading experience for our
clients,” says Mauricio Sada-Paz, Global Head of eFICC Product and
Distribution at Barclays.
Equities, the latest asset class to come under the BARXumbrella,
today announced BARX One as its next generation algorithmic trading
offering. BARX One hosts all new algorithm strategies in a comprehensive
platform, which centralizes all signals, models, and decision making to
deliver a more efficient and effective trading experience.
Key BARX One client benefits include:
Single algorithm design – unified offering to enable flexible
algorithms that naturally support existing and blended trading
approaches and continuous innovation.
Based on experimentation – comprehensive experimental framework
to allow continuous exploration of improved approaches.
Signal driven – emphasis on advanced forecasting and real-time
analytics at various levels of decision making (scheduling, order
placement, liquidity sourcing).
“We are boldly reimagining algorithmic trading with a brand new and
innovative approach. The power of one single underlying trading approach
will allow a significant level of flexibility and customization
capabilities for our clients,” says Daniel Nehren, Head of Statistical
Modeling and Development for Equities at Barclays. “We believe BARXOne
is a critical step in taking our electronic trading platform to the next
level.”
BARX One will be rolled out, in phases, over the coming months. For more
information about BARX visit barclays.com/ib/BARX.
About Barclays
Barclays is a transatlantic consumer and wholesale bank offering
products and services across personal, corporate and investment banking,
credit cards and wealth management, with a strong presence in our two
home markets of the UK and the US.
With over 325 years of history and expertise in banking, Barclays
operates in over 40 countries and employs approximately 83,500 people.
Barclays moves, lends, invests and protects money for customers and
clients worldwide.
For further information about Barclays, please visit our website www.barclays.com.
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