Barclays warns of possible Barx disruption on Grexit
UK bank continues to struggle with FX conditions
Barclays has warned clients to expect highly illiquid conditions, wide spreads and delays in filling orders on its Barx platform on Monday morning as a result of ongoing uncertainty regarding Greece's position in the eurozone.
"While disrupted market conditions could arise at any time, there is, in particular, a risk of FX markets opening on Monday morning at a significantly different level from the Friday night close," reads an email statement from Barclays to clients, seen by FX Week.
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