Barclays Capital introduces electronic dollar interest rate swaps trading

Barclays said it is the first time a single dealer has provided electronically tradable dollar interest rate swaps. Last year, it introduced single-dealer electronic trading for interest rate swaps in sterling and euros.

The service is initially available during normal trading hours, although Barclays plans to extend this to 24-hour trading. Maturities are available from one year to 50 years. Orders are usually accepted automatically and fulfilled in about two seconds, the bank said.

“The trading of swaps has reached a point of maturity and routine practice such that it is now possible to make it electronic,” said Harry Harrison, head of fixed-income trading for Barclays Capital in the Americas. He added that electronic trading will bring transparency to an otherwise opaque market.

As of December 31, 2003, the total outstanding value of dollar swaps was $46.2 trillion.

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

You need to sign in to use this feature. If you don’t have a 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