Barclays launches new algo on Barx platform

Barx Peg offers access to the bank’s franchise liquidity pools

Barclays Bank sign
New algorithm: Barclays’ Barx Peg has five target execution speeds

Barclays has launched a new algorithm on its Barx foreign exchange trading platform in a bid to help clients reduce the amount of spread they pay, and possibly the market impact of execution.

Dubbed Barx Peg, the algo is available within the bank’s Gator execution tool.

“Barx Peg represents an important enhancement to our Barx FX Gator suite,” says Mauricio Sada-Paz, global head of e-Ficc (fixed income, currencies and commodities) product and distribution at Barclays. 

“The algorithm allows

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