Barclays adds functions to Barx for FX

Barclays Capital has added new functions to its Barx for FX trading platform.

From now on, Barx for FX users will see a new screen layout, including a ‘PowerFill’ bar. The bar shows how quickly the market is absorbing their order, giving them a better idea of their trading impact. Barclays says clients will be able to reduce costs by changing the speed and volume of trades in response to this information, breaking them into smaller ones if necessary. The bank has been using the technology for its own algorithmic trades for some time.

Ivan Ritossa, Barclays’ head of foreign exchange, said: “By providing clients with much valued transparency into the market [this] further demonstrates our commitment to optimising our clients’ FX trading experience.”

Barclays has also introduced a ‘latency monitor’ to Barx. This shows the strength of clients’ internet connections, highlighting where network speed could adversely affect trades.