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Barclays Bets on Electronic Trading to Boost Investment Bank

  • BARX platform combines equities with FX, futures, fixed income
  • New trading platform expected to help Barclays lower prices

Barclays Plc is betting on a new electronic trading platform to boost returns at its investment bank just as clients are expected to increase trading via machines.

The British bank is combining equities with fixed income, currencies and futures on the revamped BARX platform, according to Naseer Al-Khudairi, the firm’s markets head of global electronic trading who was hired from Credit Suisse Group AG last year. The firm has also doubled its equities team of quants over the past 18 months as it built out a new algorithmic offering for its equities operation.