BarCap Expands FX Algo Trading
"We're offering functionality that clients haven't been able to use before, which is the ability to work orders at or within the current market, and the ability to earn spread," says Tim Cartledge, head of eFX trading with BarCap.
The new tool introduces PowerFill Price Improver (PPI) technology, which regularly fills orders at a better rate than the client's order level. "If you're working on a large order, our trading algorithm enables you to break that down in smaller orders, so you get the
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