Users of Barclays Capital’s cash and derivatives electronic trading platform, BARX for Commodities, now have access to a dynamic order book function for precious metals. Launched today, the new feature allows clients to submit orders which are then presented in the market as bid-offer quotes from Barclays Capital’s market makers.John Browning, director and head of commodity e-commerce at Barclays Capital in London said the new functionality offers clients increased liquidity and the ability to directly influence displayed bids and offers.
The dynamic order book, which had been in beta testing for the past six weeks, shows current executable prices for gold, silver, platinum and palladium.
BARX already includes order routing to the London Metal Exchange (LME), live executable LME prices in the Asian time zone, and currency and money market contract trade execution.
Topics: Barclays Capital
More on Metals
Emir segregated accounts pushing firms to trade OTC, says Jones
Garry Jones on China, warehouses, clearing and financial regulation
ANZ connecting physical players with reach and structuring ability
Increasing participation seen as crucial to repairing pricing
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.