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Barclays Unveils BARX as Revamped Electronic Trading Platform

Zacks Equity Research

Given that investors are becoming more inclined to using machines for trading rather than relying on humans, Barclays PLC BCS is ready to launch a revamped electronic trading platform, which combines equities, fixed income, futures and FX. The newly integrated, cross-asset BARX platform will use the bank’s data science tools for trade analytics, provide liquidity for each asset class, and offer e-trading solutions and innovations to clients.

Nas Al-Khudairi, the global head of electronic trading at Barclays stated, “We are excited to announce that BARX will be our newly integrated, cross-asset electronic trading platform that will continually innovate and deliver expert analysis for our clients’ evolving needs. The offering leverages BARX’s historical strengths as a respected brand, and at the same time provides a platform to fuel growth across our global markets franchise.”

Moreover, the bank has developed a new algorithmic offering for its equities operations under BARX. Equities, being the latest asset class to become part of the BARX umbrella, confirmed that its next-generation algorithmic trading platform, BARX One, will be rolled out in the coming months.

Some benefits of BARX One are that it unifies all new algorithm strategies in a comprehensive platform. It centralizes all signals, models, and decision making to deliver a more efficient and effective trading experience.

Daniel Nehren, the head of statistical modeling and development for equities at Barclays said, “You need to have a strong credible electronic offering to be a significant player in equities and it’s getting more important each year. We are boldly reimagining algorithmic trading with a brand new and innovative approach. The power of one single underlying trading approach will allow a significant level of flexibility and customization capabilities for our clients.”

Notably, the company’s restructuring and business simplifying efforts (including ring-fencing) are expected to continue improving efficiency and support profitability.

Shares of Barclays have gained 9.5% so far this year, outperforming the industry’s growth of 7.3%.

Currently, the company carries a Zacks Rank #3 (Hold).

A few better-ranked stocks from the finance space are Artisan Partners Asset Management Inc. APAM, Franklin Resources, Inc. BEN and Cohen & Steers, Inc. CNS. All these stocks currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Artisan Partners’ earnings estimates for 2019 have been revised 5.7% upward over the past 30 days. Also, its share price has increased 2.8% over the past six months.

The Zacks Consensus Estimate for earnings of Franklin Resources has increased 6.2% for the current fiscal year over the past 30 days. The company’s shares have gained 9.4% over the past six months.

Cohen & Steers’ earnings estimates have been revised 6.9% upward for 2019, over the past 30 days. Also, its share price has increased 31.7% over the past six months.

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