Derivix, a financial services software company providing options pricing & analytics, real-time risk visualization, and electronic execution today announced that Barclays Capitalâs options algorithms are now available on Derivix, giving options traders increased execution capabilities. Barclays Capital is a global investment bank and a leading global provider of electronic trading solutions for institutional investors, financial institutions and corporations.
This new affiliation helps meet the growing industry need for options trading technology, as well as growing trader demand for algorithmic trading functionality. With the Barclays Capital offering, Derivix increases its capability to efficiently meet the needs of traders looking for seamless integration between front-end and broker-dealer execution destinations.
âWe are proud to partner with Barclays Capital to provide traders with the ability to execute advanced execution strategies via a fast, dynamic electronic trading platform,â said Carrick Pierce, President of Derivix. âWe welcome the addition of Barclays Capitalâs options algorithms to the ever-growing and enhanced Derivix Execution Platform, where they will complement the current leading broker-dealer offerings that Derivix provides to sophisticated traders.â
BARX Equities algorithmic trading strategies from Barclays Capital offer a comprehensive range of benchmark and dynamic strategies for equities and options, designed to help clients navigate market liquidity. Through this new partnership, clients of Derivix and Barclays Capital will now be able to leverage Derivixâs powerful analytic solution with the algorithmic trading strategies of Barclays Capital. Traders on the Derivix platform also have the ability to route to Barclays Capitalâs smart order router and to LXÂ®, Barclays Capitalâs dark liquidity crossing network.
Derivixâs new relationship with Barclays Capital, coupled with the recent addition of J.P. Xenakis as the Head of Electronic Options Trading Distribution to Barclays Capitalâs team, underscores Barclays Capitalâs and Derivixâs commitment to the ongoing development of the execution capabilities that each firm offers its respective clients.
âOffering Barclays Capitalâs options algorithms on the Derivix platform will provide clients the opportunity to improve their trading decisions," Xenakis said. âWe are committed to offering clients a full-service solution for trading listed options and navigating market liquidity.â