Barclays Revamps BARX as Cross-Asset eTrading Platform

Barclays announced this Thursday that it has upgraded and integrated its BARX platform to be a cross-asset electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for foreign exchange (forex), equities, fixed income, and futures.

The BARX platform was originally designed to be the multinational firm’s FX trading platform. It has since grown to allow its clients to trade additional assets, such as commodities, derivatives and more.

Commenting on the announcement, Nas Al-Khudairi, Global Head of Electronic Trading at Barclays said: “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.”

“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.”

The BARX platform will utilize the London-headquartered bank's data science capabilities for trade analytics and provide deep pools of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for each asset class.

“We believe bringing together each asset class under the BARX brand will help drive innovation and create a better trading experience for our clients,” added Mauricio Sada-Paz, Global Head of eFICC Product and Distribution at Barclays.

Barclays to Launch BARX One

This Thursday, Barclays also announced that it would be launching the BARX One platform for its equities offering, which will host new algorithm strategies on one platform. This will centralize all signals, models, and decision making for traders in one place. The platform will be rolled out in phases over the coming months.

“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,” noted 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.”