[ 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 average score in this year’ s survey was 5.87, the bank’ s highest recorded score in the past five years and an increase of 0.28 from 2024. Barclays saw an impressive uptick in every category in 2025, with the largest year-overyear increases being routing logic analysis( 0.64) and algo monitoring( 0.55). Despite strong yearover-year performance, the bank lands-0.13 of the survey average( 6.00). The least improved category was increased trader productivity, which still grew slightly by 0.07. Barclays’ highest scores were customer support( 6.17) and speed( 6.00). Routing logic analysis and algo monitoring capabilities tied for third( 5.97) and were the only service areas to outperform the category average.
This year, Barclays received 50 responses, which ranks the bank eighteenth amongst its peers in terms of submissions. Around 44 % of long-only managers responding to this year’ s survey that do business with Barclays indicate they have
more than $ 50 billion in AUM. While 52 % of respondents were based in Europe, with the remainder split between North America( 26 %), the UK( 18 %), APAC( 2 %) and ROW( 2 %). The most commonly used performance measurement metrics were VWAP TCA, implementation shortfall TCA and liquidity capture. Lastly, 12 % of respondents said they expect to make use of additional algorithmic trading providers in the next 12 months.
Sample feedback from respondents included the following:
• High quality customer service
• Excellent coverage and superb algos and level of customisation
• Reliable back-office support
• Looking for more advanced risk-based IS portfolio algos with implied slippage limits
• Increased algo monitoring capabilities
BARCLAYS RATINGS FOR ALGORITHMIC PERFORMANCE
Increased trader productivity |
Reduced market impact |
Execution consistency |
Cost Speed Anonymity Price improvement Customisation |
5.83 5.71 5.89 5.90 6.00 5.90 5.71 5.76
Ease of use |
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility and sophistication of SOR |
Algo monitoring |
Average score |
5.89 5.97 6.17 5.86 5.79 5.73 5.97 5.87
KEY STATS Overall Outperformer: NO Category Outperformer: X2
6.17 Highest score( Customer support) |
5.71 Lowest score( Reduced market impact) |
0.64
Most improved( Routing logic analysis)
|
0.07
Least improved( Increased trader productivity)
|
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Issue 83 // thetradenews. com // 63 |