Siemens Financial Services has extended its use of Barclays Capital's FX Trade online dealing service to support internal trading across the group, worldwide.
The service, white labelled for SFS, is based on the standard Barcap FX Trader which allows customers to trade spot, forward and swaps in up to 240 currency pairs, with live streaming prices. For larger trades, traders can request price quotes directly from the Barclays Capital FX dealer's desk.
Hans-Peter Rupprecht, head of treasury and financing services at SFS, says: "The Siemens-tailored FX-Trader significantly contributes to bringing the straight-through process for small-ticket intra-group FX trading a big step forward."