In other news, Barclays Capital has partnered with Integral Development to develop a white label foreign exchange dealing system aimed at regional banks and brokers that enables downstreaming of liquidity and functionality.
BARX FX White Label will launch in November say officials and includes a range of liquidity controls for clients’ trading desks and features from BarCap’s own BARX for FX e-trading platform. Integral is managing the independent hosting of the system to ensure confidentiality for the participating banks and their customers.
“Combining our innovative market technology with Integral’s hosted solution enables our clients to manage their own secure trading environment,” says Ivan Ritossa, global head of FX at Barclays Capital.
Harpal Sandhu, CEO of Integral adds, “From our experience in developing e-FX solutions over the last decade, the best outcomes and market differentiating results come from a close working relationship with leading institutions. We look forward to rolling out a series of technology platforms and enhancements with Barclays Capital over the coming years.”