Barclays Capital connects Barx to Bats ECN
25 July 2007 | 1667 views | 0
Source: Barclays Capital
Barclays Capital, the investment banking division of Barclays Bank PLC, and BATS Trading announced today the addition of BATS ECN as a routing destination for BARX Equities Trading.
"The addition of BATS ECN to BARX demonstrates Barclays Capital's commitment to its equities trading operation," said Jim Turkenkopf, Director and Head of US Equity Execution at Barclays Capital. "We are pleased to work with BATS to provide additional liquidity and transparency to our clients."
BARX Equities Trading provides direct access to global equities markets, specializing in fast and cost-efficient execution, with order-routing designed to capture the best available market price. The partnership with BATS provides Barclays Capital's clients with a dependable and high-speed market center connection.
BATS averaged volume of more than 330 million shares a day in June and recently recorded record volume of 431 million shares in a single day.
"We are excited that Barclays Capital has connected to BATS and look forward to earning order flow from BARX," said BATS Chief Executive Joe Ratterman. "Becoming a new order destination on the BARX network provides yet another way for customers to reach the BATS market."