Barclays launches Barx in Asia

The Asia-Pacific launch follows 18 months after Barx began offering euro-denominated interest rate swaps to its European customers, and comes just over six months after the service was launched in the US. As well as interest rate swaps, Barclays’ Asian customers will also be able to trade US Treasuries, Treasury inflation-protected securities and Japanese government bonds on the platform.

“[This] will increase the liquidity and the amount that you see trading in the Asian time zone,” said Justin Bull, managing director and head of sales in Asia-Pacific, in Hong Kong. Asian investors currently hold around half of the US Federal debt stock, yet turnover in these securities in the Asian time zone currently accounts for less than 10% of US daily trading volume, according to Barclays figures.

Barx, which officially launched in Asia yesterday after a three-week long ‘soft launch’, has already seen trading on all asset types, added Bull. “There are people in Europe and the US who are looking to extend trading hours. There are also those who wanted us to complete the G3 matrix by adding yen to the US dollar and euro swaps. And then there are the key investors in Asia, who are keen to have as much price transparency as possible,” he said.

Since its launch in 2003, the platform has seen over 10,000 trades in interest rate swaps alone, accounting for over $800 billion in notional volume.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: