Barclays Capital has launched a service allowing customers to trade credit default swaps (CDS) electronically, The Wall Street Journal reports. The firm is offering the service through its proprietary click-to-trade execution platform, BARX, through Bloomberg Professional terminals.
The firm’s clients are now able to utilize BARX to trade CDS on a range of sovereigns and corporate debt, ranging from financial, auto, technology, media and telecom companies to consumer products, materials, utilities, and oil and gas companies. The firm is making markets in CDS on 77 individual reference entities and nine indices.
Click here for the story from The Wall Street Journal.