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Barclays Capital Goes Live in Asia on Reuters Trading for Foreign Exchange Service; Deutsche Bank Signs up for the Service and to Go Live in Q4.


HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov.  -- Reuters (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:RTRSY)(LSE LSE - Language Sensitive Editor :RTR RTR Ready To Run
RTR Rundfunk & Telekom Regulierungs Gmbh
RTR Rotor
RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland)
RTR Response Time Reporter
RTR Ready To Race
RTR Ready to Roll
) today announced that Barclays Capital Barclays Capital is the investment banking division of Barclays plc. It is a primary dealer in U.S. Treasury securities and various European Government bonds.

Barclays Capital is led by CEO Robert (Bob) Diamond, an American who had been vice-chairman of Credit Suisse First
 is the latest bank to go live on Reuters Trading for Foreign Exchange. The Barclays RTFX RTFX Real Time Effects  service will be available initially in the Asia region. Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank  also plans to go live on Reuters Trading for Foreign Exchange by Q4 this year, adding to the weight of these two leading global FX banks to the service.

Reuters Trading for Foreign Exchange (RTFX) allows banks and their customers to trade foreign exchange from their Reuters desktop. Barclays Capital's launch today brings banks, corporate and other financial participants in the Asia region the ability to trade on all 68 currency pairs for which Reuters provides a service. Barclays Capital's move raises the total number of live banks on RTFX to six - with another nine expected to go live by the end of the year.

Gyan Newman, Director, Head of Ecommerce for Asia Pacific at Barclays Capital, commented: "We're pleased to partner with Reuters to offer clients additional access to our BARX service in Asia, featuring global 24-hour FX liquidity from Barclays Capital and access to Precision Pricing, with up to a 5th decimal place shown."

Barclays Capital is the only bank to offer the Precision Pricing enhancement, via its BARX for FX Trading platform. With Precision Pricing available on RTFX, Asian clients will have access to higher levels of transparency and execution efficiency through pricing up to a 5th decimal place in key currency pairs and a 3rd decimal in USD/JPY and EUR/JPY.

RTFX builds on the Reuters established foreign exchange position, helping banks to reduce costs and expand the reach of their prices. In the five months since launch, RTFX has over 100 price takers Price takers

Individuals who respond to rates and prices by acting as though prices have no influence on them.
 actively trading on the system around the world.

Mark Robson, Head of Reuters Treasury and Fixed Income services, said: "With Barclays, and Deutsche Bank confirming their support, it is clear now that RTFX is not just another multi-bank portal. Reuters is enabling banks and their customers to gain advantage from our global and unique distribution foot-print, and best-in-class transactions capabilities. Reuters is now actively working to grow the liquidity and number of transactions on RTFX to ensure that we add value to all users of the service, quickly."

RTFX brings financial market professionals the ability to quickly and securely execute spot and forward FX and manage post trade processing through a single sign-on, utilising Reuters unrivalled global desktop footprint in the FX marketplace. This capability is supported by the comprehensive, real time news and powerful analytics from Reuters 3000 Xtra and Reuters Dealing 3000 terminals, at no additional cost, allowing price takers to effectively manage their trading positions.

Reuters desktops are used by more than 350,000 financial professionals worldwide. Reuters Dealing 3000 platform is used by nearly 18,000 FX and money market professionals across 4,000 organizations to trade FX spot, forwards, options, futures, plus interest rate and overnight index swaps Overnight Index Swap

An interest rate swap involving the overnight rate being exchanged for some fixed interest rate.

Notes:
Generally short-term, the interest of the overnight rate portion of the swap is compounded and paid at maturity.
.

Notes to editors:

Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporates, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has the support of an AA rated parent bank with a balance sheet of over GBP GBP

In currencies, this is the abbreviation for the British Pound.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 560 billion. With offices in 24 countries, the firm employs over 8,000 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.

In January 2005, Barclays Capital received recognition from two of the finance industry's most prestigious publications by being named IFR IFR
abbr.
instrument flight rules
 magazine's 'Bank of the Year' and Risk magazine's 'Derivatives House of the Year'. For further information about Barclays Capital, please visit our website www.barclayscapital.com.

Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 91 countries, including staff from the acquisition of Moneyline Telerate in June 2005. It also includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In the 2004 Reuters Group revenues, including those of Instinet Group, were GBP 2.9 billion. From July 2005, Instinet Group is being treated as a discontinued operation discontinued operation

A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations.
 in the profit and loss account.

Reuters and the sphere logo are the trade-marks of the Reuters group of companies.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 26, 2005
Words:753
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