Barracuda Order Hub is an electronic network connecting all Barracuda Banks to allow the outsourcing or insourcing of orders. It simply supports existing bi-lateral trading relationships. Use Order Hub to access currency specialisation, to fill in time-zone coverage, access algo-trading and centralise market connectivity into one screen – all with a rules-based, secure and audited workflow. Order Hub brings FX order management into the digital world.
Banks can automatically route specified orders to other participant Banks with which they have a bi-lateral trading relationship. Enabling a wider range of services for customers, while improving risk management.
Fill any timezone gaps that your Bank may have by routing your entire order book to one or more partner Banks. Initiate the switchover manually or automatically.
Banks who do not have an algo trading capability can gain access to algorithms at other participant Banks – using their capabilities as an outsourced algorithm desk.
All of the orders that you have outsourced using Order Hub can also be displayed in your order blotter which clearly displays the partner Bank. So all orders regardless of source and ownership can be consolidated into a single view.