Barclays has launched BARX Gator, a new execution tool for clients, which brings together spot venues and combines them with BARX PowerFill orders and Barclays own liquidity. BARX Gator was built for Barclays spot traders and road-tested in-house for a year. It is a smart order router that can also simplify complex workflows by converting all fills into one spot ticket. Over 170 currency pairs are available.
Tim Cartledge, MD, Head of BARX FX Trading and Global Head of Spot Trading and Head of FX Trading for Asia, said, “The power and technology behind this tool are unique with algorithms that work for clients to get them better fills, particularly on non-standard crosses. BARX Gator brings multiple FX markets together in one place for clients, enabling them to have a true view of a fragmented market.”