Jyske Bank, the Danish FX trading firm, has reached a contractual agreement with Barracuda FX, intended to use the latter’s technological prowess to enhance the order Execution
Execution
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Read this Term capacity of Jyske Bank.
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Barracuda FX has enhanced its technology offerings in recent years, as the company attempts to provide banks and financial firms access to a wide network of users, thereby alleviating several obstacles for FX order execution. Barracuda’s products include Order Management Systems (OMS), OMS Cloud, and Order Hub. The OMS Cloud service, which has been developed directly by Barracuda, enables banks to avoid outsourcing their OMS technology to single dealer platforms. The system was developed in response to the growing demand for OMS technology solutions for banks.
Moreover, Barracuda’s Order Hub is one of the highlights that makes the company’s services so appealing to banks. Order Hub is an electronic order passing network which allows both the outsourcing and in-sourcing of orders, and offers support for bilateral trading relationships. The system solves some of the underlying obstacles for banks by allowing users to fill in time-zone coverage, access Algo Trading
Algo Trading
Algo trading sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution while approximately 60% of all trades were executed by computers in 2010. Today, algo trading can be classified into the following two categories: Algo Execution Trading occurs when an order (generally a large order) is conducted via an algo trade. Since algo programs are engineered to secure the best possible price, algo execution trading may divide the trade into smaller fragments and place trades at varying times. You can think of algo execution trading as performing a set order trade. High-frequency trading (HFT) is a style of algo trading that seeks to capitalize on small trading opportunities within the market, where tens of thousands of trades can occur per second. Type of Algo TradersAlgo trading provides traders with a more systematic trading approach as opposed to manual trading while the majority of algo trading occurs in the form of high-frequency trading. Given the versatility of algo trading, it is used by a myriad of traders. Short-term traders tend to gravitate towards algo trading where arbitrageurs and brokerage houses not only benefit from automated trading execution but also by the generation substantial liquidity created through algo trading. Algo trading performed by medium to long-term traders tend to acquire large sums of stock where traders aim not to cause disturbances or volatility with anonymous, large-volume trades. Trend followers, forex traders, and hedge funds use algo trading systematically to benefit from increased trade efficiency and through automated trade execution as opposed to instinctual-based investing.Common algo trading strategies used include index fund rebalance, mean reversion, time-weighted average price, volume-weighted average price, and percentage of volume.
Algo trading sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution while approximately 60% of all trades were executed by computers in 2010. Today, algo trading can be classified into the following two categories: Algo Execution Trading occurs when an order (generally a large order) is conducted via an algo trade. Since algo programs are engineered to secure the best possible price, algo execution trading may divide the trade into smaller fragments and place trades at varying times. You can think of algo execution trading as performing a set order trade. High-frequency trading (HFT) is a style of algo trading that seeks to capitalize on small trading opportunities within the market, where tens of thousands of trades can occur per second. Type of Algo TradersAlgo trading provides traders with a more systematic trading approach as opposed to manual trading while the majority of algo trading occurs in the form of high-frequency trading. Given the versatility of algo trading, it is used by a myriad of traders. Short-term traders tend to gravitate towards algo trading where arbitrageurs and brokerage houses not only benefit from automated trading execution but also by the generation substantial liquidity created through algo trading. Algo trading performed by medium to long-term traders tend to acquire large sums of stock where traders aim not to cause disturbances or volatility with anonymous, large-volume trades. Trend followers, forex traders, and hedge funds use algo trading systematically to benefit from increased trade efficiency and through automated trade execution as opposed to instinctual-based investing.Common algo trading strategies used include index fund rebalance, mean reversion, time-weighted average price, volume-weighted average price, and percentage of volume.
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Jyske Bank comes to the agreement with the aspirations that the technological features offered by Barracuda FX will help to improve its operational efficiency. Morten Byrdal, Head of Trading at Jyske Bank, commented on the companies’ recently forged agreement: "We are very pleased to partner with Barracuda FX for our order management system. The quality of their product was obvious to us after detailed analysis, but the critical factor was the ability to use the Order Hub service which helps us embrace modern, digital technology solutions to improve our operations.”
Fraser Devlin, Head of Sales for Barracuda FX, said: "We are delighted to welcome them as a client, especially due to their advocacy of our unique Order Hub service.”
Jyske Bank, the Danish FX trading firm, has reached a contractual agreement with Barracuda FX, intended to use the latter’s technological prowess to enhance the order Execution
Execution
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018.
Read this Term capacity of Jyske Bank.
Discover credible partners and premium clients at China's leading finance event!
Barracuda FX has enhanced its technology offerings in recent years, as the company attempts to provide banks and financial firms access to a wide network of users, thereby alleviating several obstacles for FX order execution. Barracuda’s products include Order Management Systems (OMS), OMS Cloud, and Order Hub. The OMS Cloud service, which has been developed directly by Barracuda, enables banks to avoid outsourcing their OMS technology to single dealer platforms. The system was developed in response to the growing demand for OMS technology solutions for banks.
Moreover, Barracuda’s Order Hub is one of the highlights that makes the company’s services so appealing to banks. Order Hub is an electronic order passing network which allows both the outsourcing and in-sourcing of orders, and offers support for bilateral trading relationships. The system solves some of the underlying obstacles for banks by allowing users to fill in time-zone coverage, access Algo Trading
Algo Trading
Algo trading sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution while approximately 60% of all trades were executed by computers in 2010. Today, algo trading can be classified into the following two categories: Algo Execution Trading occurs when an order (generally a large order) is conducted via an algo trade. Since algo programs are engineered to secure the best possible price, algo execution trading may divide the trade into smaller fragments and place trades at varying times. You can think of algo execution trading as performing a set order trade. High-frequency trading (HFT) is a style of algo trading that seeks to capitalize on small trading opportunities within the market, where tens of thousands of trades can occur per second. Type of Algo TradersAlgo trading provides traders with a more systematic trading approach as opposed to manual trading while the majority of algo trading occurs in the form of high-frequency trading. Given the versatility of algo trading, it is used by a myriad of traders. Short-term traders tend to gravitate towards algo trading where arbitrageurs and brokerage houses not only benefit from automated trading execution but also by the generation substantial liquidity created through algo trading. Algo trading performed by medium to long-term traders tend to acquire large sums of stock where traders aim not to cause disturbances or volatility with anonymous, large-volume trades. Trend followers, forex traders, and hedge funds use algo trading systematically to benefit from increased trade efficiency and through automated trade execution as opposed to instinctual-based investing.Common algo trading strategies used include index fund rebalance, mean reversion, time-weighted average price, volume-weighted average price, and percentage of volume.
Algo trading sometimes referred to as algo, may be defined as computerized trading that employs proprietary algorithms or pre-programmed commands that are tailored to take into consideration variables like price, volume, and timing. First introduced in American financial markets in the 1970s, algo-trading is generally utilized in trading scenarios such as arbitrage, trend trading strategies, and order execution while approximately 60% of all trades were executed by computers in 2010. Today, algo trading can be classified into the following two categories: Algo Execution Trading occurs when an order (generally a large order) is conducted via an algo trade. Since algo programs are engineered to secure the best possible price, algo execution trading may divide the trade into smaller fragments and place trades at varying times. You can think of algo execution trading as performing a set order trade. High-frequency trading (HFT) is a style of algo trading that seeks to capitalize on small trading opportunities within the market, where tens of thousands of trades can occur per second. Type of Algo TradersAlgo trading provides traders with a more systematic trading approach as opposed to manual trading while the majority of algo trading occurs in the form of high-frequency trading. Given the versatility of algo trading, it is used by a myriad of traders. Short-term traders tend to gravitate towards algo trading where arbitrageurs and brokerage houses not only benefit from automated trading execution but also by the generation substantial liquidity created through algo trading. Algo trading performed by medium to long-term traders tend to acquire large sums of stock where traders aim not to cause disturbances or volatility with anonymous, large-volume trades. Trend followers, forex traders, and hedge funds use algo trading systematically to benefit from increased trade efficiency and through automated trade execution as opposed to instinctual-based investing.Common algo trading strategies used include index fund rebalance, mean reversion, time-weighted average price, volume-weighted average price, and percentage of volume.
Read this Term and centralize market connectivity, in one convenient 'hub'.
Jyske Bank comes to the agreement with the aspirations that the technological features offered by Barracuda FX will help to improve its operational efficiency. Morten Byrdal, Head of Trading at Jyske Bank, commented on the companies’ recently forged agreement: "We are very pleased to partner with Barracuda FX for our order management system. The quality of their product was obvious to us after detailed analysis, but the critical factor was the ability to use the Order Hub service which helps us embrace modern, digital technology solutions to improve our operations.”
Fraser Devlin, Head of Sales for Barracuda FX, said: "We are delighted to welcome them as a client, especially due to their advocacy of our unique Order Hub service.”
