Barclays Capital has executed and cleared a fully electronic interest rate swap (IRS) trade with Citadel using Bloomberg’s Fixed Income Trading platform. One interest rate swap was cleared through CME Clearing and the other through LCH.Clearnet’s SwapClear. Barclays acted as the execution dealer on Citadel’s trade via its BARX trading platform, and was also the clearing agent putting the trade into each clearinghouse. Citadel has also recently electronically executed and cleared credit default swaps trades via Barclays Capital, using Bloomberg’s FIT platform and CME Clearing.
Click here for the release from Barclays Capital.