Barclays launches a co-location presence in Frankfurt for BARX Futures, further enhancing its execution offering on EUREX, the bank announced today.

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.

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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, according to Barclays.

Improving algo performance and market access latency

The firm explains that 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.

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It says that today’s announcement reaffirms Barclays’ mission to provide clients with the highest quality of architecture, resilience and performance on major listed derivatives markets.

“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,” Naseer Al-Khudairi, Global Head of Markets Electronic Trading and Digital Strategy at Barclays, notes.

Barclays says that it will continue to deliver on its electronic product plans.

In eFICC, the bank recently joined FX Spot Stream as a liquidity provider, and eBooks in Rates and Credit whilst it continues to expand.

Additionally, it completed the roll out of a new Smart Order Router in US Equities.

Q1 2020: strong results

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