Barclays Capital has launched its PowerFill+ suite of online foreign exchange tools available on the BARX electronic trading platform.

PowerFill+ provides order management and access to liquidity and is free to BARX users. It also allows users to anonymously work bids and offers.

In a statement, Tim Cartledge, head of BARX FX trading at Barclays Capital, said, "Traditionally, platforms offering this level of order functionality charge their clients fees, but PowerFill+ is brokerage free," said "Zero brokerage plus Barclays Capital's certainty and depth of liquidity, coupled with the extra liquidity resulting from our clients' own orders, means we are providing clients with an optimal trading environment."

Available order types on PowerFill+ include Take Profit, Stop Loss OCO, Immediate, VWAP, TWAP and Call Level. It also lets users trade directly from an intraday graph and monitor or edit any unfilled orders. In addition, order management tool automatically uploads or downloads order books to give full visibility and control of all orders based n their proximity to the market.