- Barracuda FX awarded 'Best Trading Technology Vendor' by FX Week
- Follows its recent award for 'Best Non-bank Order Management System' by Profit & Loss magazine in June
Barracuda FX, a provider of OMS technology to the FX industry, has won its second industry award within a month - 'Best Trading Technology Vendor' from FX Week. This follows its recent award from Profit & Loss magazine when it was awarded 'Best Non-bank Order Management System' for the third consecutive year.
Barracuda FX is an Order Management System that works for voice orders, electronic orders or both. Founded in 2009, the company has acquired an impressive client list of tier-1 banks and smaller regional banks within its first 4 years of business.
"The order management system is fantastic" says Robert Babich, senior foreign exchange dealer at Commonwealth Bank of Australia (CBA) in New York. "It's used throughout CBA globally; it's reliable, configurable by currency pairs, user-friendly and enables the user to watch numerous orders with confidence. Importantly, it has also cut down expenses in the long term."
The FX Week award, part of its eFX awards, was judged by a panel of industry experts, where a shortlist for each category was drawn up. Testimonials from clients were then used as a basis to make the final decisions, and results announced on 15th July.
Kieran Fitzpatrick, CEO of Barracuda FX says, "Winning our second award within a matter of weeks is a huge source of pride for everyone at Barracuda FX. To be recognised as the 'Best Trading Technology Vendor' in the market by this panel of experts at FX Week and our clients is very exciting and testament to the strength of our system. With expansion in the pipeline through new functionality, a wider client case and a new London office, this is an exciting stage in the growth of our company."