News : Barclays Capital launches BARX Powerfill Orders
Barclays Capital has launched PowerFill Orders which gives clients a new range of FX functionality on BARX, the banks’ e-commerce platform.
First Published by e-Forex News: July, 2007
Barclays Capital has launched PowerFill Orders which gives clients a new range of FX functionality on BARX, the banks’ e-commerce platform. The new tool enables clients to work orders at or within the market, offering the potential to earn spread and introduces PowerFill Price Improver (PPI) technology, which regularly fills orders at a better rate than the client’s order level. The new technology also enables clients to choose whether to execute their trades passively or aggressively, using algorithms to break down larger tickets conveniently into smaller clips, or selecting execution via VWAP or TWAP.
"The launch of PowerFill Orders is a significant market development" comments Ivan Ritossa, Head of Foreign Exchange at Barclays Capital