Beyond Barx: where Barclays is going next in tech ‘arms race’

Interview: Mauricio Sada-Paz on SDPs, MDPs and innovation in e-FX

Mauricio Sada-Paz - Barclays - Juno Snowdon.jpg
Mauricio Sada-Paz: “Previously, we were focused solely on the SDP, but now we’re more balanced”
Juno Snowdon Photography

In foreign exchange, for almost two decades, Barclays has been synonymous with Barx – the single-dealer platform (SDP) that catapulted the bank into the top tier of global FX banks, and came to dominate its strategy. The bank’s aim was to drive more clients, volumes and revenues through the platform.

Now, not so much. Barclays has become more willing to pipe its prices into multi-dealer venues and the execution management systems (EMSs) that aggregate liquidity for buy-side market participants

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Outlook for e-FX: opportunities and risks for banks

As electronification spreads into new areas of FX trading, banks are under pressure to digitise more of their offerings to remain competitive. The race is now on to automate pricing, trading and hedging in areas such as non-deliverable forwards, swaps…

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: