Barclays Capital, the investment banking division of Barclays Bank, has added BATS Trading’s BATS ECN as a routing destination for BARX Equities Trading. BARX Equities Trading is a global equities execution service, with order routing that is designed to capture the best available market price.
“The addition of BATS ECN to BARX demonstrates Barclays Capital’s commitment to its equities trading operation,” says Jim Turkenkopf, director and head of US Equity Execution at Barclays Capital. “We are pleased to work with BATS to provide additional liquidity and transparency to our clients.”
According to BATS, its ECN averaged volume of more than 330 million shares a day in June and on July 24 recorded a record volume of more than 531m shares in a single day.
“We are excited that Barclays Capital has connected to BATS and look forward to earning order flow from BARX,” said BATS chief executive Joe Ratterman. “Becoming a new order destination on the BARX network provides yet another way for customers to reach the BATS market.”