
Barclays targets internalisation with new NDF algos
UK bank’s five algos aim to match-off more flow than G10 pairs

As the non-deliverable forwards market moves increasingly electronic, and more venues start offering these products, the buy side is asking dealers for execution algos to bring that liquidity together.
External liquidity on venues can still sometimes be low, however, making internalisation – where the algo matches off part of an order against the offering bank’s internal flow before going into the market – an important way to avoid market impact and lower execution cost.
The technique is
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 - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Tech and data
Follow Topics
Receive the content you need straight to your inbox
Choose to follow a range of topics and receive a regular roundup of the latest coverage.