London-based global financial heavyweight Barclays has experienced a downturn in its FX division recently, but its employees are unlikely to jump ship to RBS and HSBC despite their greater revenues
Read moreAs commodities desks within large banks shrink, the use of high technology has driven a trend toward integrating interbank gold trading with FX desks Just how compatible is the long-established world of physical commodities with the highly liquid FX business? According to a report today by Reuters, a necessity has arisen within interbank gold dealing…
Read moreBarclays, Citi and RBS have frozen bonuses across their FX trading teams, pending outcome of 4pm fix investigations. Temporary suspensions are one thing, but if you really want to hurt traders, take away their bonuses.... The Financial Times has reported that several leading global banks including Barclays (NYSE:BCS), Citi (NYSE:C) and Royal Bank of Scotland…
Read moreBarclays Margin FX exit is just the latest in a string including Deutsche Bank, Goldman Sachs... As the global retail forex market has grown and matured -- with retail forex volumes hitting an all-time high in mid 2013 -- the predictions of many industry observers included an increasing presence of leading 'traditional' financial institutions in…
Read moreBarclays Margin FX clients being encouraged to move to FXCM. LeapRate Exclusive: LeapRate has learned that UK bank Barclays (LON:BARC, NYSE:BCS) has decided to shut down its retail / margin FX business, Barclays Margin FX. Barclays has operated its margin FX business as a white label of FXCM, with FXCM winning Barclay's business back in…
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