Best electronic services for swaps: Barclays Capital

Barclays Capital was the first bank to build a trading system, which it has rolled out via Bloomberg, and which caters for both the bank and the customer market. The bank has found an ingenious way to get around the principal obstruction to launching online swaps trading, which is how to check your credit line with a counterparty. It integrates the system with clients’ back offices, so that it knows automatically what their credit limit is to a particular client, and if the client is about to breach it.

Barclays Capital was the first bank to build a trading system, which it has rolled out via Bloomberg, and which caters for both the bank and the customer market. The bank has found an ingenious way to get around the principal obstruction to launching online swaps trading, which is how to check your credit line with a counterparty. It integrates the system with clients’ back offices, so that it knows automatically what their credit limit is to a particular client, and if the client is about to breach it.

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