COUNTERPARTY FILE · last re-checked 2026-09
Barclays FX — institutional liquidity provider
This record reflects residual risks based on available disclosures and self-reported metrics.
Licence, read literally
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| FCA | 122702 | UK | tier-1 | open source ↗ |
| SEC/FINRA (BrokerCheck, Barclays Capital Inc.) | 8-41342 | US | tier-1 | open source ↗ |
| PRA | not verified | UK | tier-1 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
Residuals a counterparty carries
Unverified liquidity depth claims
Liquidity depth and fill-rate claims are self-measured and not independently verified.
Source: selfMeasured
Lack of PRA number disclosure
Barclays Bank PLC does not publish its PRA authorisation number.
Source: gaps
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
Testable claims
- BARX FX is Barclays' electronic FX trading platform, with over 25 years of electronic FX dealing (ib.barclays markets/barx/fx page)
- Clients can trade with BARX across equities, fixed income, futures and FX (home.barclays news, Mar 2021)
Claims we cannot verify from outside
- Liquidity depth / fill-rate claims on ib.barclays marketing pages
- 50+ currencies / 450+ currency pairs figure appears on e-forex.net vendor profile — directory source, not verified on Barclays' own pages
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| FX spot, FX forwards, FX swaps, NDFs, FX options | EBS, Reuters, CME FX, Bloomberg FXGO, CLS | FIX 4.2/4.4 API, BARX FX web platform, Barclays FX algo suite | Banks, Institutional investors, Asset managers, Hedge funds, Corporates | Retail clients |
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.