Barclays Capital has partnered with California-based Integral Development Corporation to launch a white label foreign exchange dealing system for its financial institution clients.
The system will enable Barclays Capital clients to offer electronic FX trading functionality on to their own customers.
The platform includes the full range of liquidity controls for clients trading desks as well as features from Barclays Capital's Barx for FX trading platform.
Integral is managing the independent hosting of the system to ensure confidentiality for participating banks and their customers.
"This product will enable our financial institution clients to offer FX solutions to their own clients, benefiting from the FX technology expertise Barclays Capital has built up over the years," says Ivan Ritossa, global head of FX at Barclays Capital. "Combining our innovative market technology with Integral's hosted solution enables our clients to manage their own secure trading environment."