BARCLAYS BANK TANZANIA LIMITED LAUNCHES BARX AFRICA FX TRADING PLATFORM

Barclays Bank Tanzania Managing Director,  Kihara Maina (seated) tries the just launched Barclays foreign exchange platform dubbed BARX Africa  in Dar es Salaam yesterday. Looking on are banks Acting Head of Marketing and Corporate Relations, Joe Bendera (right), and banks Forex Sales Officer, Neema Takule. 

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Barclays Bank Tanzania today launched the BARX Africa Foreign Exchange (FX) trading platform in the country. BARX Africa is the multi-award winning foreign exchange trading platform from Barclays that delivers cutting-edge technology customised for the local market. The BARX system will grant its users unprecedented access to FX trading capabilities right at their fingertips as well as 24 hour comprehensive servicing support - all from a trusted source. Trade at a faster pace with BARX Africa!

BARX Africa provides the following useful benefits for the user

·         Access to a full suite of FX products including spot forwards and swaps

·         Improved control over your FX trade execution

·         Easy-to-use with instant deal confirmation

·         Market information to assist with informed decision making

·         Improved operational Treasury efficiency

·         Full audit trail on all transactions

BARX Africa sets the standard in efficiency and execution through:

·         FX spot, forwards and swaps

·         Real time execution in local and major currency pairs up to one year forward

·         Full audit trail with access to historic deal information

·         Live rates ticker

·         Access to award-winning research portal

Speaking at the launch, the Managing Director, Barclays Bank Tanzania, Mr Kihara Maina commented, “Through our on-the-ground presence, extensive knowledge of local African markets and proven expertise in FX electronic trading solutions, we are uniquely placed to unlock local market liquidity in countries across Africa and the Indian Ocean. BARX Africa delivers cutting-edge technology customised for execution in the local market. We combine over 15 years in local market expertise in FX trading solutions, over 20 years expertise through our Barclays Africa Group Limited (BAGL) businesses which strategically position us to deliver   strong and reliable robust dealing environment solutions that are relevant for the Tanzanian market”.