[ S U R V E Y | A L G O R I T H M I C T R A D I N G ]
Barclays
Barclays ’ overall score this year is “ good ” at
5.59 , although it is down 0.06 from last year . Across the board it has been a tough year for Barclays with the majority of traders reporting their performance to have worsened since 2023 .
The largest decline is when it comes to algo monitoring , falling 0.24 , with one trader commenting that they are looking for “ something new ” and that “ too often a mix of algos is needed where not one ticks all the boxes ”. However , it is worth noting that traders still score this category as “ good ”. Customisation features also saw a drop in score , by 0.12 making this the lowest scoring category this year , again with respondents reporting that they are looking for more flexibility when it comes to customisation and collaboration .
However , despite these drops in scores , there are some areas which Barclays has seen some progress , most notably when it comes to price improvement . This category has increased by 10 basis points , scoring 5.40 this year . One execution trader commented that even with the low cost , they feel they receive high value for their money from Barclays .
Execution consistency has also seen an increase in positivity , however , it is just beaten to the top score by customer support , which scored 5.89 . This score will come as little surprise with long-only managers heaping on the praise for Barclays ’ team .
Despite this positivity from buy-side respondents , Barclays did not manage to beat the average score , meaning they failed to score as an overall outperformer or as a category outperformer .
This year , Barclays received 67 responses , significantly higher than last year , with the majority of responses coming from Europe ( 48 %) and the UK ( 27 %). When it comes to the AUM of respondents , 31 % reported to holding over $ 50bn . Finally , 38 % of respondents reported that they are looking to make use of additional algorithmic trading providers in the coming 12 months .
BARCLAYS RATINGS FOR ALGORITHMIC PERFORMANCE
Increased trader productivity |
Reduced market impact |
Execution consistency |
Cost Speed Anonymity Price improvement Customisation |
5.75 5.55 5.77 5.71 5.74 5.62 5.40 5.30
Ease of use |
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility and sophistication of SOR |
Algo monitoring |
Average score |
5.75 5.33 5.89 5.53 5.63 5.47 5.41 5.59
KEY STATS Overall Outperformer : NO Category Outperformer : NO
5.89 Highest score
( Customer support )
|
5.30
Lowest score ( Customisation features )
|
0.10
Most improved ( Price improvement )
|
-0.24
Least improved ( Algo monitoring )
|
|
|
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Issue 79 // thetradenews . com // 77 |