Barclays is not abandoning its efforts to run one of the biggest alternative trading platforms, despite a suit filed by the New York Attorney General at the end of June accusing it of misleading clients. According to sources advising institutional investors, Barclays has been aggressively working to persuade clients to continue trading through its Barclays LX Liquidity Cross platform - and with some success. "If I can find a really good match in LX and the impact is low and there is not a lot of reversion and I'm getting size executed, that value adds for everybody," one investor said. He argued that the best way for Barclays to get in front of the accusations was to live up to its marketing.
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