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Barclays Unveils BARX as Revamped Electronic Trading Platform

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Given that investors are becoming more inclined to using machines for trading rather than relying on humans, Barclays PLC (BCS - Free Report) is ready to launch a revamped electronic trading platform, which combines equities, fixed income, futures and FX. The newly integrated, cross-asset BARX platform will use the bank’s data science tools for trade analytics, provide liquidity for each asset class, and offer e-trading solutions and innovations to clients.

Nas Al-Khudairi, the global head of electronic trading at Barclays stated, “We are excited to announce that BARX will be our newly integrated, cross-asset electronic trading platform that will continually innovate and deliver expert analysis for our clients’ evolving needs. The offering leverages BARX’s historical strengths as a respected brand, and at the same time provides a platform to fuel growth across our global markets franchise.”

Moreover, the bank has developed a new algorithmic offering for its equities operations under BARX. Equities, being the latest asset class to become part of the BARX umbrella, confirmed that its next-generation algorithmic trading platform, BARX One, will be rolled out in the coming months.

Some benefits of BARX One are that it unifies all new algorithm strategies in a comprehensive platform. It centralizes all signals, models, and decision making to deliver a more efficient and effective trading experience.

Daniel Nehren, the head of statistical modeling and development for equities at Barclays said, “You need to have a strong credible electronic offering to be a significant player in equities and it’s getting more important each year. We are boldly reimagining algorithmic trading with a brand new and innovative approach. The power of one single underlying trading approach will allow a significant level of flexibility and customization capabilities for our clients.”

Notably, the company’s restructuring and business simplifying efforts (including ring-fencing) are expected to continue improving efficiency and support profitability.

Shares of Barclays have gained 9.5% so far this year, outperforming the industry’s growth of 7.3%.





Currently, the company carries a Zacks Rank #3 (Hold).

A few better-ranked stocks from the finance space are Artisan Partners Asset Management Inc. (APAM - Free Report) , Franklin Resources, Inc. (BEN - Free Report) and Cohen & Steers, Inc. (CNS - Free Report) . All these stocks currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Artisan Partners’ earnings estimates for 2019 have been revised 5.7% upward over the past 30 days. Also, its share price has increased 2.8% over the past six months.

The Zacks Consensus Estimate for earnings of Franklin Resources has increased 6.2% for the current fiscal year over the past 30 days. The company’s shares have gained 9.4% over the past six months.

Cohen & Steers’ earnings estimates have been revised 6.9% upward for 2019, over the past 30 days. Also, its share price has increased 31.7% over the past six months.

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