Ideal solutions help Barracuda FX clients optimize trading performance and adhere to the FX Global Code
NEW YORK, January 12, 2022 – Ideal, the decision intelligence firm, is now offering its powerful performance analytics and supervisory risk management solutions to clients trading within ION-owned Barracuda FX’s secure environment. The partnership between Ideal and Barracuda FX provides clients with turnkey access to industry-leading analytics and actionable insights.
The Ideal Flow solution brings an unprecedented level of insight to FX trading. Ideal Flow offers independent TCA reporting, client and counterparty analysis, liquidity management, and more in one unified interface. In addition to best execution reporting, Ideal Flow provides powerful visualizations and analysis of counterparty behavior—both over time and by the millisecond—flagging potential issues to investigate and informing client tiering and flow decisions.
The Ideal Control solution streamlines trade supervision for first-line risk management teams, helping to foster more ethical trading behavior. Particularly relevant for senior managers complying with SMCR, Ideal Control provides independent validation and evidence of ethical decision-making, greatly mitigating operational, reputational, and regulatory risks. Ideal Control operationalizes trading best practices and principles-based regulation as quantifiable checks, curated alerts, and clear action steps—automating workflows and building a defensible audit trail over time.
“The highly specialized analytics powering Ideal solutions reflect our team’s firsthand experience leading trading desks and quant groups for over two decades in-house, within FX, fixed income, and other asset classes,” remarked Ideal CEO John Crouch. “Our in-depth understanding of FX-specific dynamics and workflows translates to user-friendly interfaces with intelligent curation built-in.”
Crouch continued, “Ideal Flow and Ideal Control analyze the same pool of FX trading data through two different lenses, illuminating how traders can optimize their performance and helping supervisory risk managers adhere to the FX Global Code and MiFID MAR code of conduct principles. We’re excited to bring these decision intelligence solutions to Barracuda FX clients.”
Barracuda FX Chief Technology Officer Joshua Walsky added, “Barracuda FX has a long history of offering market-leading products across the front office for banks, brokers, and other financial institutions trading in FX. Our flagship OMS and solutions for trading, execution, pricing, and distribution provide our clients with modular, end-to-end solutions for their FX trading needs. We are pleased to offer the complementary capabilities of Ideal solutions within our secure environment. Barracuda FX clients can get up and running with Ideal Flow and Ideal Control almost instantly.”
The combined capabilities of Barracuda FX and Ideal help firms trading in FX optimize their performance.
Ideal is a decision intelligence firm that helps trading teams optimize their performance and helps supervisory risk managers foster more ethical behavior. As former traders and quants, the Ideal leadership team has developed the solutions they wish they’d had in-house. Ideal solutions illuminate meaningful insights and clear action steps, empowering users to take proactive action today to stay ahead tomorrow. To learn more, visit www.idealprediction.com.
About Barracuda FX
Barracuda FX is a global market leader in end-to-end eFX trading and order management systems. The company was rebranded under ION ownership in 2021 and comprises the former Barracuda FX specialist FX OMS business, along with the FX operations of Broadway Technology. Operating out of several offices worldwide, the business has a combined 30+ years of experience, 100+ FX technology staff, and 25+ of the world’s leading FX banks as clients. To learn more, visit www.barracudafx.com.
Barracuda FX is owned by ION, a leading global provider of mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Barracuda FX is integral to the ION Markets division.
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in equities, fixed income, foreign exchange, cleared derivatives and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/.