Barclays Capital Launches Powerfill+
Barclays Capital, the investment banking division of Barclays Bank, has launched PowerFill+, a suite of online foreign exchange (FX) tools providing clients with revolutionary order management and access to deeper liquidity.
This new functionality on BARX, the firm’s electronic trading platform, is free to use, giving clients execution capability without brokerage fees. The main feature of PowerFill+ is that it allows clients to anonymously work bids and offers. The best bid/offer forms part of the price that users see, enabling BARX to provide all clients with tighter spreads and deeper liquidity. PowerFill+ is built on the algorithmic capabilities made available to clients through PowerFill Orders.
“Traditionally, platforms offering this level of order functionality charge their clients fees, but PowerFill+ is brokerage free,” said Tim Cartledge, head of BARX FX trading at Barclays Capital.