Barclays Sets New FX Direction After Winning Schwab Contract
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LONDON--Barclays Capital has beaten off competition from nine other banks to provide an internet-based foreign exchange component to allow customers of the Charles Schwab Corporation, the US-based share trading organization, to trade securities online.
"It’s a coup for Barclays. And it also highlights a new and exciting direction for the foreign exchange markets," says a bank analyst.
"Winning the corporate relationship of Schwab means the bank is poised to benefit from an explosion of cross
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