FCA licensed payments and FX risk management firm Ballinger & Co. has announced Barclays as its principal banking partner.

Ballinger & Co. is a specialist FX broker providing flexible and innovative foreign exchange services to corporate and institutional clients globally.

With Barclays as its principal banking partner, Ballinger said it further strengthens its deep banking and liquidity network and greatly enhances its ability to offer clients expanded payment types & faster settlement capabilities. The partnership will also enable powerful new product offerings in the near future.

The company noted that securing backing from Barclays is another important milestone in Ballinger’s impressive trajectory to becoming the market’s leading non-bank FX broker to large and complex corporate and institutional clients.

Jenni Himberg-Wild, Head of Team – FinTech and PSPs Coverage at Barclays Corporate Banking said:

“We are very pleased to be working with Ballinger, as they provide their innovative Foreign Exchange offering to the market. We’ve worked closely with their senior management over recent months, and look forward to continuing to build a strong relationship over the years ahead.”

Commenting on the partnership, Will Tracey, Executive Chairman of Ballinger & Co, said:

“It is incredibly exciting to partner with Barclays again. Barclays’ expertise in the market and extensive global banking networks are second-to-none. We’ve built great momentum in a short space of time, and securing backing from Barclays will expand and accelerate our offer and our growth. We’re well on our way to becoming the non-bank FX broker of choice for large and complex corporate and institutional clients.”