Barclays Capital Invests in Online FX Trading Firm

NEWS

LONDON -- Barclays Capital has stepped up its involvement with online currency trading service Currenex with an equity stake in the company, the bank announced last week.

Barclays Capital is one of four parties contributing a total of $16 million to Currenex in the firm’s second round of financing. The bank started providing forex prices on the site -- currenex.com -- in July of this year.

Paul Thrush, global head of FX at Barclays in London told FX Week: "We regard our involvement with Curren