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Barclays adds cross-currency swaps to Barx

Barclays Capital has added cross-currency basis swaps to its Barx service provided via the Bloomberg electronic trading platform.

Users of the service will now be able to trade euro-dollar, euro-sterling and dollar-sterling swaps for maturities varying between one and 30 years. The product will be aimed primarily at financial institutions.

Barx already supports vanilla swaps in euro, US dollar, sterling, yen, and Danish and Swedish krone. Barclays Capital was the first dealer to unilaterally move towards electronic swaps trading.

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