Barclays revamps retail e-FX platform

Source: FXCM

Barclays Stockbrokers, the UK's largest execution-only retail broker, today announces it has launched Barclays Margin FX - a new and significantly enhanced retail foreign exchange trading platform in partnership with FXCM, an award-winning global market leader in retail FX trading.

Barclays, with over 300 years of history and expertise in banking, is one of the largest financial services providers in the world. FXCM, founded in 1999, a pioneer in online retail FX trading, is one of the largest retail FX brokers in the world. The partnership between the two companies delivers a unique retail FX trading offering, giving traders a significant advantage.

The trading platform provides access to 50 currency pairs and traders will benefit from live streaming, competitive, neutral prices with speed and certainty of execution and no intervention from a dealing desk. Traders won't be subject to requotes - the price they see is the price they will get. Traders can also execute trades directly from charts and using one-click trading. Furthermore, clients will benefit from exclusive access to Barclays own proprietary research, as well as FXCM's extensive research offering, including sentiment data, trading signals, educational video content, 'how to' training and tutorial videos.

Paul Inkster, Head of Product, Barclays Stockbrokers, said: "Foreign Exchange is the world's biggest market with over $4 trillion traded globally each day. Ongoing Eurozone volatility has propelled FX trading opportunities into the spotlight and retail FX continues to grow significantly. As FX trading becomes increasingly mainstream, we have chosen to create a partnership with FXCM in response to client demand for enhanced retail FX investment capabilities in terms of functionality, flexibility, research and market insight.

"We want to provide the best retail FX trading experience in the market, and the power of this offering comes in the partnership; by combining FXCM's cutting-edge and award-winning technology with the size, strength and expertise of Barclays, one of the world's leading FX banks, we are able to offer a unique proposition for traders. The partnership provides retail FX traders with access to professional-quality research and tools to help them identify and execute trading opportunities. The breadth of the currencies available and access to bespoke research alongside competitive pricing and speed of execution, makes Barclays Margin FX a truly compelling proposition. In essence, this new partnership offers professional quality tools to the retail FX trader."

Brandon Mulvihill, Managing Director, FXCM UK said, "Barclays Stockbrokers has long been the UK's leader in serving the needs of retail traders. We believe that Barclays experience within the retail space coupled with FXCM's award winning FX platform, charts, and research, provide retail FX traders a genuinely unique FX offering the UK. Additionally, the depth of resources both FXCM and Barclays provide offers tremendous support to traders who expect not only superior technology today, but who also expect exceptional value added trading resources now and in the future. We are all extremely excited about this partnership."

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