Discover what ION can do for you
Ultra-low latency FX trading solutions
Barracuda FX is a global leader in end-to-end, modular, customizable eFX trading solutions for financial institutions operating in foreign exchange markets.
The Barracuda FX connectivity and trading solutions provide low latency access to all major OTC markets and bank liquidity providers. Prices are aggregated to provide normalized views of sweepable, full amount, and RFS liquidity distributed to the trader user interface and APIs. Orders are intelligently worked by the smart order router to minimize slippage and market impact.
Advanced eFX pricing, hedging and order management
eFX pricing and distribution modules allow you to seamlessly integrate in-house proprietary logic with Barracuda FX pricing smarts.
An extensive range of intelligent pricing options give you the flexibility to create differentiated, competitive spot and forward pricing tailored to the needs of your clients, distributed across all internal and external channels, auto risk managed.
The Barracuda FX OMS won the P&L Reader’s Choice Awards for Best FX OMS for 10 conseutive years. It is deployed as the global order book in over 20 of the top 50 banks globally and supports resting, fixing, and algorithmic orders in FX and precious metals with native access to Order Hub.
Connectivity and trading
Pricing, distribution and risk
Order management system
Ultra-low latency
High performance
Modular technology
Key features
Connectivity and trading
Ultra-low latency connectivity to OTC markets.
Fully customizable liquidity aggregation.
Powerful dynamic smart order routing and execution algos.
Normalized API for integrating custom execution strategies.
Sophisticated crossing engine to create synthetic tradeable markets.
Real-time analytics and performance benchmarking.
Pricing, distribution, and risk
Componentized intelligent pricing engines for metals, G10, EM, and frontier markets, enabling IP injection throughout the pricing pipeline.
ESP, RFQ, and RFS price negotiation for spot, forward, swap, NDF, NDS, blocks, money markets, and all post-trade actions.
Deterministic low-latency price distribution across all internal and external distribution channels including all major multi-dealer portals.
Real-time position management and a rich suite of advanced rules driving hedging strategies to maximize internalization opportunities.
High-performance dealer and sales desktops for quote negotiation and on-behalf of dealing.
Order management system
Automated management of resting, fixing and algorithmic orders in spot, forward, NDF and precious metals.
Tightly integrated to the bank’s auto-risk management environment and natively connected to Order Hub
Distribution gateways to all major multi dealer portals, bank’s single dealer platforms and FIX API.
Latest Markets awards
Related products
High-performance, real-time trade processing solutions for currency management.
A complete foreign exchange solution for brokers and wealth managers, providers of international payments and FX hedging services, and treasury teams.
Process all forex transactions, confirmations, settlements, and payments worldwide on one platform.
Do all your forex trade processing and risk management across instruments and get a complete, real-time view of your business.