BarCap algos allow anonymous pricing
LONDON - Barclays Capital has released a series of new execution algorithms under the PowerFill+ brand, which enables clients to anonymously contribute to the construction of prices available on the Barx FX platform.
Central to PowerFill+ is the ability for clients to anonymously work bids and offers through Barx. The best bid or offer from clients or the BarCap trading desk are then used to construct weighted average prices for others to trade on, providing tighter spreads and deeper liquidity
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