BarCap to expand equity derivatives platform to Japan in Q4
The UK bank is continuing the rollout of the Comet pricing and execution system it launched for private banks last year in Hong Kong and Singapore.
After launching its equity derivatives pricing and execution platform for private banks in Hong Kong and Singapore in September, Barclays Capital will roll out the Asia-designed system in Europe in July, and Japan is planned for the fourth quarter.
The UK bank followed in the footsteps of equities powerhouse UBS in building and launching such a system in Asia first. This makes sense, given that private-banking clients in the region tend to do more short-term trading than their Europea…
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