The new algorithm has been launched on BARX FX, Barclay’s eFX trading platform.
This Thursday, Barclays announced that it has launched BARX Peg, a new algorithm which allows clients to reduce the amount of spread paid, on BARX FX, the multinational firm’s electronic foreign exchange (forex) Trading Platform.
The BARX FX platform provides users with access to Liquidity in more than 50 currencies and 450 currency pairs. The new algorithm is available within Gator, an execution tool which brings together spot venues and joins them with BARX PowerFill orders, as well as Barclays own liquidity.
According to the statement released on Thursday, the key benefits of the new algorithm include the ability for traders to minimize the amount of spread paid, potentially reduce market impact and facilitates access to Barclays' franchise liquidity pools. This allows trades to be filled completely through the process of internalization.
Commenting on the new algorithm, Mauricio Sada-Paz, Global Head of eFICC Product and Distribution said: “BARX Peg represents an important enhancement to our BARX FX Gator suite. The algorithm allows clients to access Barclays [sic] franchise liquidity pools, which enable trades to be filled entirely through the process of internalization.”
BARX Peg Provides Access to 5 different Target Execution Rates
The BARX Peg also provides access to five different Target Execution Rates, namely the BARX Single Dealer Platform (GUI), Multi Dealer Platforms (MDPs) and API connections.
“This new algo is another step towards establishing BARX as a leading FX platform. We have hired top talent and allocated resources to enhance the platform, and there’s a lot more to come for BARX,” added Fabio Madar, Global Head of G10 FX Trading and Distribution.
The settings of the BARX Peg represent the varying rate (speed) at which order fills may occur. This ranges from “Fast,” which includes exposure to all 5 Barclays franchise liquidity pools, to “Slow,” which only includes the GUI, the statement from Barclays said.
This Thursday, Barclays announced that it has launched BARX Peg, a new algorithm which allows clients to reduce the amount of spread paid, on BARX FX, the multinational firm’s electronic foreign exchange (forex) Trading Platform.
The BARX FX platform provides users with access to Liquidity in more than 50 currencies and 450 currency pairs. The new algorithm is available within Gator, an execution tool which brings together spot venues and joins them with BARX PowerFill orders, as well as Barclays own liquidity.
According to the statement released on Thursday, the key benefits of the new algorithm include the ability for traders to minimize the amount of spread paid, potentially reduce market impact and facilitates access to Barclays' franchise liquidity pools. This allows trades to be filled completely through the process of internalization.
Commenting on the new algorithm, Mauricio Sada-Paz, Global Head of eFICC Product and Distribution said: “BARX Peg represents an important enhancement to our BARX FX Gator suite. The algorithm allows clients to access Barclays [sic] franchise liquidity pools, which enable trades to be filled entirely through the process of internalization.”
BARX Peg Provides Access to 5 different Target Execution Rates
The BARX Peg also provides access to five different Target Execution Rates, namely the BARX Single Dealer Platform (GUI), Multi Dealer Platforms (MDPs) and API connections.
“This new algo is another step towards establishing BARX as a leading FX platform. We have hired top talent and allocated resources to enhance the platform, and there’s a lot more to come for BARX,” added Fabio Madar, Global Head of G10 FX Trading and Distribution.
The settings of the BARX Peg represent the varying rate (speed) at which order fills may occur. This ranges from “Fast,” which includes exposure to all 5 Barclays franchise liquidity pools, to “Slow,” which only includes the GUI, the statement from Barclays said.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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