Barclays Launches New Forex Products for Electronic Trading Platform BARX

Barclays​ announced that it has launched a suite of new Forex products for its cross-asset electronic trading platform BARX, which aims to enhance its electronic capabilities and strengthen its Forex offerings for clients. 

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.

Additionally, clients can now 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 which is intended to minimize market impact for a given level of risk.

Furthermore, Barclays 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.

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."