Barclays begins e-IRS trading in Middle East currencies

Dubai souk at night

Barclays became the first bank to begin streaming executable interest rate swap prices in Middle East currencies over the Bloomberg terminal on June 19, as it builds out its portfolio of electronic products in the region.

The UK bank is streaming prices in the UAE dirham and Saudi riyal, ranging in tenors from one to 10 years. It has also enabled a request-for-quote feature for trades that exceed the maximum size available on screen at any one time, say bank officials.

Holden Sibley, head of

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