Barclays Capital, the investment banking arm of UK-based Barclays Bank, is to provide customers with direct electronic access to the Sydney Futures Exchange (SFE).
Australian and offshore customers can now trade Australian derivative products via Barclay’s front-end trading platform.
The bank will connect to SFE's London communications hub and utilise its own global private network.
Warwick Wright, e-commerce sales, Barclays Capital, says "Our customers in the US, Europe and Asia already trade SFE's interest rate futures and equity index futures, but with the choice of electronic access we expect the volumes for SFE products to increase significantly."
Robert Elstone, CEO and managing director, SFE, adds that there are now 15 brokerage firms directly connected to SFE in the US and the UK, with an additional three firms due to connect in the next two weeks.