Barclays upgrades eFX platform with new precision pricing
07 April 2005 | 19605 views | 0
Barclays Capital has enhanced its online foreign exchange trading platform to include 'single click' dealing for spot and forwards and new precision pricing functionality.
The 'single click' dealing tool allows clients to pre-enter a default trading amount that can be transacted with a single mouse click. Barclays says this enhancement is now available across all currencies on its proprietary Capital Trader platform.
Barclays has also added new pricing functionality to the platform which adds an additional decimal place to the prices shown to clients, creating new increments of 0.1 of a pip.
The precision pricing enhancement was rolled out to clients over two weeks from 21 March. The bank claims to be the first to introduce this type of pricing globally across such a wide range of currency pairs, including EUR/USD, GBP/USD, EUR/GBP, USD/JPY, EUR/JPY, USD/CHF and EUR/CHF.
The new functionality will initially be available on the Capital Trader platform, as well as via its FIX API connectivity. Barclays says it will add the functionality to participating multi-dealer platforms and ECNs in the future.