Barclays Provides Clients with Gator Aid
February 28, 2013
Barclays offers execution tool to simplify workflows. Fixnetix looks to Rackwise to manage information technology. Gatelab goes live at Renaissance Capital. FixSpec launches multi-venue certification utility.
Barclays: The British investment bank has launched Barx Gator, a new execution tool for foreign exchange clients, which brings together together external market liquidity and combines them with Barx Powerfill orders and Barclays own liquidity. Built for Barclays spot traders, this execution tool, simplifies complex workflows by converting all fills into one spot ticket in one currency pair.
Barx Gator works alongside the existing Barx FX offering, giving clients the choice of when to pass execution risk onto Barclays and when to take more themselves. Clients can then manage post-trade workflows to combine, split and roll-out completed orders.
There is also complete anonymity for the client as counterparties on external markets only see the Barclays name. Barclays manages all the technology aspects for clients, such as the maintenance of multiple connections to multiple venues, without passing on fixed costs. An all-inclusive service fee is added onto the aggregated price of each executed order, and is transparently displayed to the user.
Rackwise: The developer of data center infrastructure management software and services, said Fixnetix, a London-based managed services provider, is expanding its current deployment of Rackwise DCIM X.to manage its information technology infrastructure.
Fixnetix is using the advanced reporting capabilities and other features and functionalities of the Rackwise DCIM X offering to yield enhanced insight and control necessary to fulfill its responsibilities as Vendor of Record and Network Service Provider for the majority of exchanges in Europe and a growing number in North America. Additionally, the visibility and control available with Rackwise DCIM X enables Fixnetix to evolve its internal and co-located IT infrastructure more cost-effectively, utilizing the reporting and modeling capabilities inherent in the Rackwise framework.
Fixnetix provides outsourced managed services across multiple asset classes to leading global banks and related organizations requiring ultra-low latency trading, market data, hosting, infrastructure connectivity and risk management solutions. In addition to maintaining its own data centers, Fixnetix is co-located in 33 hosting data centers throughout Europe, the United States, the Asia-Pacific region and Africa.
Gatelab: The multi-asset electronic trading systems said three of its products have gone live at Renaissance Capital. These include:
* MICEX SELT: HFTS pre-trade Risk Gateways for FX
* FORTS: HFTS pre-trade Risk Gateways for Futures
* Post-TradeCross Asset Margining Module for Equities, Futures and FX
These products complete Renaissance Capital’s full coverage of all Russian liquidity and LSE International Order Book (IOB) stocks through one consolidated ultra-low-latency platform, allowing the cross-asset margining of stocks and futures, and FX positions, in one account. The London Stock Exchange acquired a majrity stake in Gatelab earlier this month.
Fixspec: The connectivity company is providing a multi-venue certification utility for the trading community. The utility gives developers the ability to make an Internet connection to an interactive FIX service designed to replicate the message formats of a FIX counterparty such as an exchange or broker. Available all day, every day, developers can connect to the service on their own convenience, manually perform actions such as execute orders and cancel trades, and test their code against a certification script; all without needing to book a formal testing slot with the counterparty, saving a lot of wasted time for both parties.
Fixspec offers a service to the issuers of FIX specifications to set up and maintain the service for a fixed subscription fee.