Barclays Launches Frankfurt Co-Location For BARX Futures
04 May 2020 - 5:00PM
Business Wire
Barclays today announced the launch of a co-location presence in
Frankfurt for BARX Futures, further enhancing its execution
offering on EUREX.
The new platform is the sixth global hub in the BARX Futures
network and will allow clients to connect direct to EUREX in
Frankfurt from anywhere in the world. By locally hosting BARX
engines, this new offering will significantly improve both algo
performance and market access latency.
Barclays is the first Fidessa hosted execution broker to provide
this service and today’s announcement reaffirms Barclays mission to
provide clients with the highest quality of architecture,
resilience and performance on major listed derivatives markets.
Naseer Al-Khudairi, Global Head of Markets Electronic Trading
and Digital Strategy at Barclays said:
“This is an exciting addition to the BARX platform as we
continue to make significant investments to our electronic
offering. We are continually innovating to provide clients with the
solutions they need and access to global futures and options
exchanges, along with a suite of algorithmic trading
strategies.”
BARX is Barclays cross-asset electronic trading platform, which
enables clients to optimise execution performance by accessing deep
pools of liquidity through Barclays innovative and evolving trading
technology solutions. Clients can trade with BARX across equities,
fixed income, futures and FX.
Notes to Editors:
- Barclays continues to deliver on its electronic product plans,
including:
- In eFICC, Barclays joined FX Spot Stream as a liquidity
provider, and eBooks in Rates and Credit continue to expand
- Completed the roll out of a new Smart Order Router in US
Equities
- Barclays remains committed to its Markets business and
continued to deliver throughout Q120:
- Markets income of £2,422m (Q119: £1,369m) was the best ever
quarter on a comparable basis
- FICC income increased 106% to £1,858m driven by a strong
performance in macro and credit reflecting increased client
activity and spread widening
- Equities income increased 21% to £564m driven by equity
derivatives, which were impacted by high levels of volatility
About Barclays:
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group. Barclays offers investment
banking products and services in the US through Barclays Capital
Inc. For further information about Barclays, please visit our
website home.barclays.
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Ellie Austin +44 (0) 207 773 6461 ellie.austin@barclays.com
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