Although the bank recognized that it could be a source flow, senior management were wary of the reputational risk that facilitating access to the vast FX market carried. Now, though, the launch of FX on Barx by sister company Barclays Stockbrokers suggests that the bank has made a U-turn.
It is hard to ascertain just how big retail FX now is. According to US regulator, the National Futures Association, there are 25 registered forex dealer members in its jurisdiction, and there are probably as many again in each of the UK, Japan and Switzerland. Saxo, one of the leading players in retail FX, has more than 100 white-label partnerships. So data from the 2008 Euromoney FX poll suggesting that there are about 150 platforms globally and that they...
You do not currently have access to this content. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe