Dublin, 12 July, 2018 – Barracuda FX, the specialist provider of FX Order Management technology, today announced that it had been awarded ‘Best Order Management System’ in the 2018 FX Week e-FX Awards.
Voted by a panel of experts, FX Week’s awards recognise excellence and innovation in the global FX market. This award provides industry recognition of Barracuda’s leading position in FX Order management.
“We are very grateful to FX Week and its panel of judges. Barracuda has always specialised in FX Orders, delivering the best possible technology and service to our clients. FX Week’s award for ‘Best Order Management System’ provides acknowledgement that we continue to do that.”
“The FX Global Code and a greater focus on regulation, has resulted in FX Orders becoming increasingly important to banks. The Code requires that they demonstrate proper controls of FX Orders, clear segregation, visibility, execution policies, and control of operational risk.”
Earlier in 2018 Barracuda FX also won the Profit & Loss award for ‘Best Order Management System’ for an unprecedented eighth consecutive year. Receiving awards from the two leading FX publications demonstrates that Barracuda is a leader in the field of FX Order Management.
About Barracuda FX
Barracuda is an FX specialist, singularly focused on the order management space – developing the functional capabilities, technology platform and service infrastructure to meet the needs of the demanding modern FX market.
As the market leader in FX OMS, Barracuda offers two solutions for FX Banks. Its core OMS is used by the majority of Tier 1 FX banks, whilst OMSCloud was launched in November last year, a cloud-based solution, which offers regional and national banks active in the FX market a quality, affordable and robust OMS technology solution.
Barracuda was established in 2009 by a Dublin-based team of FX technology professionals. The team initially 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.
The company has grown successfully each year, with operations in Dublin, London and Skopje, adding many leading global banks as clients and winning Profit & Loss Magazine’s Best FX OMS award every year since 2011.
For more information, visit www.barracudafx.com
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