NYSE Registered, FXCM announced a new partnership with Barclays Stockbrokers to launch a unique retail forex trading offering called Barclays Margin Fx.
The partnership between the two companies is expected to leverage Barclay’s expertise of over 300 years in banking and FXCM’s online retail forex trading expertise to create a world class online forex trading offering for traders, with existing clients of Barclays being able to benefit from this newly formed partnership.
Drew Niv, the CEO of FXCM commented that they were extremely excited about this partnership and that it would create a product superior to any other offering from the competitors in the UK. Under the partnership, Barclays will be using FXCM’s trading technology in order to create a retail forex trading product.
For the moment, Barclays Margin FX is being offered only to the UK markets and the website can be accessed via barclaysmarginfx.com.
Barclays Margin FX offers no dealing desk execution along with a host of other features including:
- Over 50 currency pairs
- Customizable trading interface
- Professional Charting Tools
- Cutting edge research and analysis
FXCM Inc. is an NYSE listed company and is a global provider of online forex trading and related services to both retail and institutional customers worldwide.
At the heart of its operations is the FXCM’s “No dealing desk” trading which is beneficial for their clients to participate in a large network of forex liquidity providers in order to offer competitive pricing on major currency pairs. FXCM’s technology offers one click trading, and trading from real time charts.
FXCM’s subsidiary, Forex Capital Markets Ltd in the UK additionally offers CFD’s with no requotes as well as forex, metals and stock indices.