BarCap Launches Online Swaps Platform

CONNECTIVITY

LONDON--Barclays Capital (BarCap) plans to roll out by year-end its complete range of euro-denominated interest rate swap products on an electronic trading platform, launched last week in conjunction with Bloomberg. The system, Barclays’ Automated Realtime Execution (BARX) went live last Monday with an undisclosed number of users for trading vanilla swaps of two classes--two- to 10-year swaps and 10- to 50-year swaps--following a month-long pilot phase with up to a dozen firms representing "a

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