Barclays Announces SPECS Order Handling Tool
(this first appeared on The Trade)
Barclays has announced its equities order handling tool is available in Europe from this week, following its launch in the US.
SPECS provides buy-side traders with an online portal to view, verify and request changes to client order handling settings.
It was designed to meet requirements for greater control, transparency, trade analytics and a consolidated view of order settings, Barclays said.
The SPECS profile includes settings related to market access, liquidity preferences and Barclays LX Europe, alongside notifications and alerts on product updates.
Head of European cash equities execution sales at Barclays, Eric Krueger, said SPECS gives users an “unprecedented level of transparency and control of their execution preferences.”
He also explained the SPECS tool is integrated with Barclays’ post-trade analytics platform to help traders “better understand and manage their execution performance.”
Nej D’jelal, head of equities electronic trading product at Barclays, added that SPECS will also help buy-side traders in Europe navigate an “increasingly complex execution environment,” amid MiFID II best execution and algorithmic trading requirements.
Sometimes "brute force" is needed to change fundamental structures.
Clients, technology and staff moved from DB’s Global Prime Finance & Electronic Equities businesses to BNP.
Excellence in Leadership Award winner sets high expectations for herself.
By Clare Witts, Director, Market Structure, Asia Pacific, and Tom Augarde, Director, AES Coverage, Asia Pacifi...
With Rob Gouley, Principal, Trading at OMERS, and Eric Stockland, MD, Global Markets at BMO Capital Markets.