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World’s third largest FX dealer by volume lashes out at US investor’s plans to ‘break up the business’
Barclays has long been one of the world’s largest Tier 1 interbank FX dealers, its global financial markets key-component, the BARX single-dealer platform having garnered a love-hate relationship among liquidity takers, largely due to the company’s overtly pro-last look stance which has been doggedly adhered to for several years. Five years ago, in 2013, Barclays was most certainly an all-encompassing dominator of the Tier 1 electronic trading world. with 10.4% of all worldwide FX order flow being processed through the bank’s Canary Wharf operations. Since then, things have changed dramatically, placing a ... (full story)