Barclays Launches Cross-Asset Electronic Trading Platform

Barclays 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.

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 BARX  umbrella, 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 BARX  One 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.

Source: Barclays