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Business Wire 7-Mar-2019 11:45 AM
Barclays today announced the launch of BARX Peg, a new algorithm on BARX FX. The algorithm, available within Gator™, allows clients to minimize the amount of spread paid and also potentially minimize market impact by accessing unique Barclays franchise liquidity pools.
"BARX Peg represents an important enhancement to our BARX FX Gator suite," said Mauricio Sada-Paz, Global Head of eFICC Product and Distribution. "The algorithm allows clients to access Barclays franchise liquidity pools, which enable trades to be filled entirely through the process of internalization."
"This new algo is another step towards establishing BARX as a leading FX platform" says Fabio Madar, Global Head of G10 FX Trading and Distribution. "We have hired top talent and allocated resources to enhance the platform, and there's a lot more to come for BARX."
Key Client Benefits of BARX Peg
BARX FX is Barclays' eFX trading platform which provides clients with access to liquidity in over 50 currencies and 450 currency pairs.
About Barclays
Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com
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