Barclays Launches SPECS Client Portal for Enhanced Transparency
November 10 2015 - 3:48PM
Business Wire
SPECS™ portal provides clients with visibility into order
handling settings and preferences
Barclays today announced the launch of SPECS, an online client
portal that allows clients to easily view, verify and request
changes to their order handling settings with the firm’s Equities
business. Accessible through Barclays’ institutional client portal,
Barclays Live, the portal provides a consolidated view of a
client’s settings in an easily accessible and easy to use format.
Barclays is on-boarding clients to the platform starting this
week.
“SPECS provides our clients with a consolidated overview of
their order handling settings, across our business, and helps to
create clearer accountability in the management of our clients’
orders,” said Eric Schlanger, Head of Equities, Americas. “The
concept behind SPECS is surprisingly simple. But we believe the
visibility and resulting control clients will have sets a new
standard for transparency in the industry.”
With SPECS, clients can view, attest to or request changes to
their specific profile directly in the online portal, with only a
few clicks. A typical SPECS “profile” will include market access
settings, settings for Barclays’ two ATSs (LX and DirectEx), and
venue preferences. The portal will consolidate notifications,
announcements of product updates, and alerts on any changes to
their settings. Clients can also request a printable report of
their profile settings.
“Our goal for SPECS is that it becomes a one-stop destination
for the most up-to-date information on Barclays’ equities execution
platform, across all our product lines,” said Joe Mecane, Managing
Director, Electronic Equities and Credit Products. “The portal
helps to simplify our clients’ work flow and gives clients
increased transparency into their order handling. We are committed
to being a leader in this area, providing visibility into how we
handle our clients’ orders and disclosing in detail how we
operate.”
Additional features planned for SPECS include product education
videos, searchable FAQs, and important documents and disclosures.
SPECS was conceived of, and built and designed by Barclays. The
portal is currently available to Barclays’ US equities clients, and
will be progressively rolled out to clients in other regions.
Barclays is an international financial services provider engaged
in personal, corporate and investment banking, credit cards and
wealth management with an extensive presence in Europe, the
Americas, Africa and Asia. Barclays’ purpose is to help people
achieve their ambitions – in the right way. With 325 years of
history and expertise in banking, Barclays operates in over 50
countries and employs over 130,000 people. Barclays moves, lends,
invests and protects money for customers and clients worldwide. For
further information about Barclays, please visit our website
www.barclays.com.
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Press:BarclaysMark Lane, +1 212 412
1413mark.lane@barclays.com
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