Barclays Capital, the investment banking division of Barclays Bank, has launched PowerFill+, a new suite of online foreign exchange tools providing clients with order management and access to liquidity. This suite of tools is a new functionality on BARX, the company’s electronic trading platform.
According to Barclays Capital, the PowerFill+ is built on the algorithmic capabilities made available to clients through PowerFill Orders. It enables clients to access a range of order types from the order entry screen with the ability to delay orders to a specific time. Order types available include: Take Profit, Stop Loss OCO, Immediate, VWAP TWAP and Call Level.
Other features include: ability to trade from an intra-day graph and monitor or edit any unfilled orders; liquidity ladder to show depth of book; and the order management tool which uploads or downloads orderbooks, giving visibility and control of all orders based on proximity to market.
Nick Howard, head of foreign exchange and emerging markets distribution at Barclays Capital, said: “PowerFill+ demonstrates Barclays Capital’s commitment to providing clients with outstanding service and reinforces our position as a leader in market innovation. This is a great addition to our BARX platform which is recognised globally for its reliability and stability with a proven track record during times of market volatility.”
