Barclays Capital launches streaming FX option pricing

Barclays Capital has launched electronic trading of vanilla FX options on its proprietary platform, BARX for FX Trading.

First Published by e-Forex News: April, 2006

Barclays Capital has launched electronic trading of vanilla FX options on its proprietary platform, BARX for FX Trading. BARX for FX Trading offers live two-way streaming tradable prices of FX options across 17 currency pairs, out to 1 year, with auto quoting up to $125m in some currencies. It also offers the ability to price any type of exotic FX option.<br><br>
The new service is aimed at corporates, hedge funds and banks and has been launched in the US and Europe, with plans to roll out to Asia in the near future. Barclays Capital also plans to add more currency pairs, raise auto quoting levels and add higher tenors.