[ A L G O R I T H M I C T R A D I N G S U R V E Y ]
Barclays
Barclays’ overall score in this year’ s survey was
5.90, which represents the broker’ s highest recorded score over the past four years and an increase of 0.27 from 2024. Barclays saw an uptick across most categories in 2025, with the two largest year-on-year increases being algo monitoring(+ 0.75) and price improvement(+ 0.66). Driven by strong growth across multiple categories, the broker lands in the middle of the pack, hitting the survey average of 5.90. The least improved category was ease of use, which declined by-0.26. Barclays’ highest scores were recorded in anonymity( 6.25) and customer support( 6.21). In terms of the survey benchmarks, Barclays outperforms the category average in seven areas under review, most noteworthy in algo monitoring(+ 0.29) and anonymity(+ 0.21), the latter representing the third best score of the category.
This year, Barclays received 27 responses from hedge fund managers and firms using hedge fund strategies- down from 33 in 2024- which ranks the broker tenth amongst its peers in terms of submissions. Around 30 % of hedge fund managers responding to this year’ s survey that do business with Barclays indicate they have more than $ 50 billion in AUM, followed by those managers with between $ 10 and $ 50 billion in AUM and between $ 1 to $ 10 billion, each at 15 %. Respondents were based in Europe( 41 %) and the UK( 44 %), with the remainder split between North America( 7 %) and APAC( 7 %). Around 15 % of the client base stated they were looking to make use of additional algorithmic trading providers in the next 12 months. The most commonly used performance measurement metrics were VWAP TCA, implementation shortfall TCA and liquidity capture.
Sample feedback from respondents included the following:
• Good customer service
• Great IS aggressive algo
• Want to request launch of algos for pre- and post- US market
• More DMA like liquidity seeking algos requested
BARCLAYS RATINGS FOR ALGORITHMIC PERFORMANCE
Increase trader productivity |
Reduce market impact |
Execution consistency |
Cost Speed Anonymity |
Price improvement |
Customisation |
Ease of use |
6.01 5.85 6.04 5.99 6.02 6.25 5.87 5.73 5.75
Order routing logic / analysis |
Customer support |
Execution consulting |
Dark pool access |
Flexibility / sophistication of SOR |
Algo monitoring |
Average score |
5.69 6.21 5.81 5.57 5.60 6.11 5.90
KEY STATS Category Outperformer: X7
6.25 Highest score( Anonymity) |
5.57
Lowest score( Dark pool access)
|
0.75
Most improved( Algo monitoring)
|
-0.26 Least improved( Ease of use) |
66 // TheTRADE // Q2 2025 |
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