Goldman launches Barx rival
Goldman Sachs has followed in Barclays Capital’s footsteps by launching an electronic trading platform on Bloomberg for interest rate derivatives.
It allows for Eurex futures block trading (Bund, Bobl and Schatz) and curve spread and butterfly trading (for instance, two year, five year and 10-year butterfly). The 10 year swaps can be traded in clips of up to €300 million. Straight-through processing also allows trades to be booked quickly, the bank said.
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