BarCap joins algo bandwagon
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Through a new tool called Barx PowerFill, BarCap is enabling clients to use algorithms to determine how quickly an order is being absorbed by the market. This information can be used to adjust trade size and frequency to cut costs and market impact.
The algorithms were developed in-house, and have been in use by the bank since 2004 as a way to determine trade execution styles and to minimise hedging costs.
Users can execute a single, large trade immediately, or aim to reduce costs by breaking
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