In addition, the launch is expected to give Barclays Capital clients access to the US Treasury, agency and TIPS products as well as Japanese Government Bonds on the Bloomberg terminal during Asia trading hours.
The bank said Barclays Automated Real-time eXecution (BARX) hopes to repeat its success in the US and Europe as the first single dealer platform to provide electronic trading of US dollar, euro and sterling interest rate swaps in those regions.
Bringing our highly successful BARX platform to Asia enhances transparency of pricing, providing our clients with a real competitive advantage, particularly for players in interest rate swap and government bond markets, said Justin Bull, MD of Barclays Capital. He added that the company will create a unique opportunity for clients in the Asia region as the program will provide liquidity for US products in the Asian time zone.
The BARX platform now claims to include government, agency, credit, high yield and emerging market bond and interest rate swap products.
This latest announcement comes just weeks after investment services firm JPMorgan announced that it would offer equity pre-trade analytics through Bloomberg.
