Home to a European Financial Services Hub and leading Technology Centre: a City of Culture, Art, Literature, Sport, Guinness, and the Craic. And... home to BarracudaFX.
Come and see us at Stand E3, enter our FX Order competition, and get your invitation to the best party in town on Thursday night.
Barracuda was established in 2009 by a Dublin-based team of FX technology professionals. The team partnered with a leading global FX bank, using domain experience earned across many hundreds of man-years to deliver a next generation order management system (OMS) that meets the needs of the evolving FX industry. After successful launch, the company has expanded to a growing team with operations across Dublin, London and Skopje. The client base has grown consistently each year across the globe, covering sell and buy side institutions, supported by Barracuda's round the clock service.
Barracuda FX is singularly focused on the Order Management space – developing the functional capabilities, technology platform and service infrastructure that such ambitions demand. With the markets’ evolving business requirements and the ever-changing regulatory framework, there has never been a more critical time for FX institutions to have a reliable, innovative and competent vendor to support this mission-critical component of their infrastructure. Barracuda FX is dedicated to being that partner, and retaining our position as the unrivalled OMS market leader.
The Barracuda OMS has the all the functionality, workflow flexibility and visibility controls that any bank could require to operate their FX Order business on a single platform. All instrument and Order types are supported including advanced variations e.g. NDF’s, benchmark (fixing) orders, trailing stops, gamma orders and algo’s. Barracuda uses open APIs to enable complete integration into the bank’s FX environment from all channels of eCommerce for order sourcing to credit checking, margining, eTrading on fills and post execution STP.
With on-site or hosted deployment options as well as functional and commercial flexibility, Barracuda meets the FX OMS needs of all banks. The OMS repeatedly wins industry best in class awards, firmly establishing Barracuda as the benchmark that other systems cannot reach.
Order Hub moves existing interbank relationships from the analogue to the digital world. BarracudaCLOUD banks can choose to connect to other Barracuda banks over the Order Hub network to outsource any Orders. Enabling a greater level of risk management sophistication and increased participation in the market.
When an Order is entered that meets the outsourcing rules then it is automatically passed to the selected partner bank. Client identity remains private throughout. If the Order is executed Barracuda will create two trades - one between the BarracudaCLOUD bank and its customer and one between the BarracudaCLOUD bank and the other Barracuda bank. The entire process is automated, transparent and audited.
By utilising Order Hub a bank can offer a full order management service to its clients, manage that client relationship / credit, but only take on the market risk it desires. Order Hub transforms BarracudaCLOUD into a powerful order and risk management platform.
There has never been a greater spotlight on financial markets – on their processes and how they are regulated. The FX industry faces the challenges of compressed margins, demands for efficiencies and transparency, increased scrutiny, cost reduction and regulation. Coupled with managing complex operational and reputational risks. Legacy Order Management systems lack the sophistication, solution set and cost effectiveness to deliver to their business.
Founded in 2009 our team has deep FX Tech experience and domain knowledge. Barracuda is the only specialist FX OMS vendor and recognised as the P&L Best Order Management award-winner for the last 6 years. The solution has been selected and implemented by the world’s leading banks. We reduce complexity and bring simplicity to this complicated market. Updating clients’ Order Management to meet the latest regulation, industry standards and aligning their whole business to industry best practice.
We help our clients meet the escalating demands of regulation, conflicts of interest, inter- desk segregation, visibility and reporting. The challenges that can only be solved with the robustness of technology – with a choice of hosted, implemented or bespoke solutions to their particular needs - all delivered and managed through a single OMS. Barracuda FX automates FX Order management, reducing manual processing, cost and the potential for error - enabling our clients to deliver the highest level of service to their customers.