BarCap adds online sterling swaps
The move came in response to counterparty feedback, particularly from UK-based financial institutions and fund managers, and reflects BarCap’s strength in sterling, said Jerry del Missier, head of rates at BarCap in London. "We’ve seen a record few weeks of trading swaps on Barx (Barclays Automated Realtime Execution) during November/ December, with the volume traded online at 15--20% of our total swaps trades," he said. "This is a clear indication that Barx has been well received by a broad
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