New Frankfurt Co-Location for Barclays’ BARX Futures

Barclays launches a co-location presence in Frankfurt for BARX Futures, further enhancing its execution offering on EUREX, the bank announced today.

BARX is Barclays' 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, which enables clients to optimize execution performance by accessing 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 through Barclays innovative and evolving trading technology solutions. Clients can trade with BARX across equities, fixed income, futures, and FX.

The new platform is the sixth global hub in the BARX Futures network and will allow clients to connect directly to EUREX in Frankfurt from anywhere in the world, according to Barclays.

Improving algo performance and market access latency

The firm explains that by locally hosting BARX engines, this new offering will significantly improve both algo performance and market access latency.

Barclays is the first Fidessa hosted execution broker to provide this service.

It says that today’s announcement reaffirms Barclays’ mission to provide clients with the highest quality of architecture, resilience, and performance on major listed derivatives markets.

“This is an exciting addition to the BARX platform as we continue to make significant investments to our electronic offering. We are continually innovating to provide clients with the solutions they need and access to global futures and options exchanges, along with a suite of algorithmic trading strategies,” Naseer Al-Khudairi, Global Head of Markets Electronic Trading and Digital Strategy at Barclays, notes.

Barclays says that it will continue to deliver on its electronic product plans.

In eFICC, the bank recently joined FX Spot Stream as a liquidity provider, and eBooks in Rates and Credit whilst it continues to expand.

Additionally, it completed the rollout of a new Smart Order Router in US Equities.

Q1 2020: strong results

Barclays remains committed to its Markets business and continued to deliver throughout Q120:

• Markets income of £2,422m (Q119: £1,369m) was the best ever quarter on a comparable basis
• FICC income increased 106% to £1,858m driven by a strong performance in macro and credit reflecting increased client activity and spread widening
• Equities income increased 21% to £564m driven by equity derivatives, which were impacted by high levels of volatility