Barclays have announced the launch of SPECS, an online
portal that will allow clients’ access to their settings with the firm’s
Accessible through Barclays’ institutional client pool
Barclays live, SPECS will allow clients to view, confirm or request changes to
their online profile. It will also inform users of notifications, product
announcements and alerts on any changes to their settings.
The financial services provider also plans to develop the
portal further with educational videos and an FAQ section.
Eric Schlanger, head of equities Americas said “SPECS
provides our clients with a consolidated overview of their order handling
settings, across our business, and helps to create clearer accountability in
the management of our clients’ orders.
“The concept behind SPECS is surprisingly simple. But
we believe the visibility and resulting control clients will have sets a new
standard for transparency in the industry.”
Managing director of Electronic Equities and Credit Products
Joe Mecane also spoke of the portal’s benefits.
“Our goal for SPECS is that it becomes a one-stop
destination for the most up-to-date information on Barclays’ equities execution
platform, across all our product lines.
“The portal helps to simplify our clients’ work flow
and gives clients increased transparency into their order handling.”