Barx

[wasp]

Another crappy white label type off shoot or is it actually decent and interbank?

Any one tried them?

Barclays Capital: BARX: Foreign Exchange < main
Barclays Capital: BARX: Foreign Exchange < ECN?

 

[KillPhil08]

Barclays Stockbrokers

I think barx is just the platform no?

 

[wasp]

Its just for me for gbpjpy so I don't want huge but I do want liquidity, transparency and an open market but it doesn't seem anymore of those than opening an account with Alpari unfortunately. Looks pretty bog standard but I could well be wrong.

 

[Martinghoul]

Another crappy white label type off shoot or is it actually decent and interbank?

Any one tried them?

Barclays Capital: BARX: Foreign Exchange < main
Barclays Capital: BARX: Foreign Exchange < ECN?

I use them a lot and I happen to like them, but I ain't exactly an FX wizard like GJ here. I also use their futures platform, which is quite nice. So I'm a fan...

 

[wasp]

Cheers, good to hear... Getting fed up with crappy run of the mill brokers and want something with icebergs, NDD's and direct into the market instead of via Joe Bloggs who was out on the lash last night and in a bad mood so can't be arsed to fill me!

 

[wasp]

Well it's 'first hand' pricing so I'm not so sure about that tbh mate.

Thats what I wanted to hear, cheers, I shall look into it further.

 

[wasp]

Careful - not sure it'll do all that. It's a single bank platform, NOT an ecn, so the whole thing about icebergs and DMA doesn't really apply.

But what I think you would get is consistent liquidity etc. You're still crossing the spread etc when you deal, but it's not coming through second hand, which makes a difference.

Pleased with the latter but does the former mean I still have to contend with Joe at the other end... Would rather an ECN. I think!

 

[gc1]

You have to remember that there are two versions of 'barx' - their web site gives screen shots of the institutional version with small spreads.

Retail clients are directed to their stockbroker division which also offers fx but with typical retail spreads.