Barclays Onboards New Talent to Boost Electronic Trading

Barclays is continuing to commit additional efforts to revitalize its electronic trading business. After the company announced its significant commitment to the use of Artificial Intelligence (AI) in July, it has taken a number of steps to deliver on its message.

Tuesday’s news is split between the technology and the distribution aspect of the company’s electronic trading division. A major hire from Goldman Sachs is joining the company to optimize its electronic trading division. Barclays hired industry veteran Justin Brickwood who changes companies for the first time in almost 23 years.

He will be joined by senior FX sales executive Ben Peto, who’s coming in from Bank of America. The move is not a big surprise after earlier this year in June, Barclays announced the hire of Mauricio Sada-Paz, who has been the Global Head of eFX at Bank of America.

Electronic Trading Boost

The digitalization effort of Barclays is accelerating at a critical time when interest rates globally are rising, and FX Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, particularly in EMFX is on the rise. The resources which the UK bank has committed to the effort are significant.

Back in July Barclays signed a deal with AI simulation company Simudyne Technology. The partnership is aiming to deliver a different decision-making process to the UK lender’s trading, lending and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term divisions.

Simudyne has been at the forefront of AI technology for financial institutions, delivering products that are using computer simulations for a wide range of possible scenarios.

The Barclays’ investment bank leader, Tim Throsby is committed to optimizing the electronic trading systems of the company. Earlier this year he emphasized that the lack of technology investment on the part of the firm was at the core of its loss of market share in recent years.

Barclays has been hiring actively in recent weeks as it onboarded several senior execs to its equities unit and welcomed Fabio Madar as Global Head of G10 FX.