In the past decade Barclays FX has gone from a second-tier player to being a powerhouse that has its sights set on being the world’s number one FX provider. However, the recent loss of key personnel has called this ambition into question. In 2000, Barclays ranked a lowly 12th in the Euromoney survey, with a paltry market share of 2.07%. This year’s survey ranked it in third position, the same as the previous year, but closing the gap to the second-placed UBS with a market share of 11.08%.
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