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Signposting Technology at Barclays Prague. Signposting Barclays Purpose Helping people achieve their ambitions - in the right way.

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Presentation on theme: "Signposting Technology at Barclays Prague. Signposting Barclays Purpose Helping people achieve their ambitions - in the right way."— Presentation transcript:

1 Signposting Technology at Barclays Prague

2 Signposting Barclays Purpose Helping people achieve their ambitions - in the right way

3 Signposting Barclays Goal Our goal is to make Barclays the ‘Go-To’ bank for all our stakeholders

4 Americas ~ 2,200 Technology staff The main development and support centre is located in New York Europe, Middle East and Africa ~ 2,700 Technology staff The main development and support centres are located in London, Prague and Kiev Asia Pacific ~ 2,100 Technology staff The main development and support centres are located in Singapore and Pune A global Technology team

5 In real-time markets Microseconds count to get an order matched to a price In product innovation Delivering financial and technical innovation to clients before competitors In grid computing Calculating the complex risk measures of our trade portfolios In client connectivity Providing clients high speed access to our research and trading applications Where every second counts

6 Get it right and the rewards are huge….. A stock can trade in London and New York MSFT–USD MSF.L–GBP Convert USD$10million Exchange rate 1.76 to 1.75 double fx = FXManager::getRate( “GBP”, “USD” ); PriceDB db(); if( db.price(“MSF.L”)*fx < db.price( “MSF.T” ) ) { // Buy in LDN, sell in NYK TradeEngine.execute( BUY, “MSF.L”, LDN ); TradeEngine.execute( SELL, “MSF.T”, NYK ); } else { $61,327 profit! Convert to ($10m/1.75 = ) £5.7million Sell in New York for 360,750 x = $10,061,327 Buy (5.7m/15.84 = ) 360,750 Microsoft shares in London

7 Not so easy in reality…. trant: This is the MS Graph with correct colour palette trant: This is the MS Graph with correct colour palette trant: If using an arrow box with text, copy the example from the colour palette opposite. Your text will then print correctly when printing double sided, instead of changing to a rectangle with overflowing text. If you need to add text, this is the only time where I would recommend the use of a text box on top of a shape. trant: If using an arrow box with text, copy the example from the colour palette opposite. Your text will then print correctly when printing double sided, instead of changing to a rectangle with overflowing text. If you need to add text, this is the only time where I would recommend the use of a text box on top of a shape. To have a hope of being able to take advantage of such fleeting situations today we have to have the best hardware and software.  Pay for a very expensive low-latency connection between London & New York  Crunch huge volumes of real-time market data to find arbitrage opportunities  Write super low latency code to interface with all the exchanges. E.g. Bypass much of TCP/IP software stack, make efficient use of processor caches and advanced lock-free concurrency models.  Write intelligent algorithms to execute trading decisions, being careful not to act on any glitches which occur in market data from time to time.  Use the very latest hardware. Fastest processors available, advanced network cards, etc.  Pay to have the hardware deployed in each exchange location.

8 And when it goes wrong it’s horrible……. trant: This is the MS Graph with correct colour palette trant: This is the MS Graph with correct colour palette trant: If using an arrow box with text, copy the example from the colour palette opposite. Your text will then print correctly when printing double sided, instead of changing to a rectangle with overflowing text. If you need to add text, this is the only time where I would recommend the use of a text box on top of a shape. trant: If using an arrow box with text, copy the example from the colour palette opposite. Your text will then print correctly when printing double sided, instead of changing to a rectangle with overflowing text. If you need to add text, this is the only time where I would recommend the use of a text box on top of a shape. Fat fingered typing costs trader £128m – December 2005  Trader intended to sell 1 share costing ¥600,000  Unfortunately sold 600,000 shares at ¥1 each Tokyo risks loss of investors over trading system – January 2006  Computer systems couldn’t cope with volumes  Tokyo Stock Exchange shut early for the first time in history  President of the TSE resigned Exchange rate confusion sends Ryanair soaring – November 2002  Market maker confused the price of Ryanair shares in euros and sterling  Quote went up more than 61 per cent, from 404.5p to 653.7p

9  400 people in our Prague office (Pankrac)  Many talented people in the region  International environment – colleagues from all over the world  Teams in the major parts of our business – Equities, Prime Services, Risk & Analytics, Credit, Research, and Foreign Exchange  Daily interaction with colleagues in London, New York, or Asia  Large, technically challenging projects have been completed in Prague, delivering huge value to the business Our office in Prague

10 Our Team Culture Teamwork Diversity & Inclusion Meritocracy

11 Our Summer Internships in Prague Get a feel for the firm and the role Main pipeline for grad programme 9 weeks programme (end of June – August) 1 week training in London Applications open to penultimate year students (2 nd last year of university), final year students and graduates Chance have 1:1 with senior management across globe

12 In Prague Summer Internship application Closing Date 5 January 2015 Online Assessment Inductive Reasoning Test and Situational Judgement Test (Search for practice tests online!!) Telephone Interviews Assessment Centre APPLY NOW AT


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