Barclays Joins Cürex P2P FX Platform

Cürex Group has announced that Barclays has become the seventh bank to join its peer-to-peer FX matching platform that launched in August 2021. According to a story in The Full FX news, the platform enables the buy side to anonymously match against each other at the mid‐point derived from the FTSE Russell/Cürex benchmark rates, customers can choose to show their trading interest to the peer-to-peer pool through their bank algorithms which can continue to work their algo trades while gaining exposure to the Cürex peer to peer platform. “Given the breadth of our buy side client base, it was natural for Cürex to enhance our offerings with a peer-to-peer platform,” says James Singleton, Cürex’s chairman and CEO. “Our customers wanted the opportunity to trade against other institutions at a mid‐point reference rate without changing their trading workflows. In collaboration with our bank partners, we are able to provide our customers access to peer to peer directly through bank algorithmic trading platforms.”