logo

Out trades


Schoolboy errorI received a fascinating press release from Barclays Capital last week - and I really do mean fascinating, despite the apparently unpromising title "Barclays Capital launches base metal trading via FIX." Why so, I hear you ask? Well, on printing the document out (to read on the train home, of course, not to line the dog's basket) I discovered that all the amendments that had been made to the document in its drafting process had been carefully recorded in the margin, with footnotes. Here we discover some fascinating things about the negotiation process that goes on before a release hits the streets, such as "Barclays Capital also offers FIX functionality for foreign exchange and futures trading. (Can we say we're the only bank to offer FIX across these three asset classes?)" And a certain lack of respect for us gentlemen of the press: "Clients can choose to either utilise...

The rest of this article is for subscribers only. Would you like to take a free trial?

Free trial

  • News & Analysis access
  • Extensive data searches
  • Access to archive
  • Weekly newsletter