Barclays Capital Expands Offshore Renminbi Foreign Exchange Offering


Singapore (4th April 2011) - Barclays Capital announces the expansion of foreign exchange services for its offshore Renminbi (CNH) product offering.

Initially launched in December 2010, the expanded product now offers global clients the ability to trade CNH deliverable spot, forwards and swaps against G10 and Asian local currencies. In addition, clients can now trade CNH online with BARX, the firm’s award-winning electronic trading platform.

With this expanded product capability, clients are able to trade CNH with the same speed, precise pricing and level of service currently enjoyed with other currencies on Barclays Capital’s FX platform.

Ivan Ritossa, Deputy Head of FICC and Head of Trading for Asia Pacific said: “The delivery of our expanded CNH trading capabilities is a significant step for Barclays Capital in this important and growing market. It demonstrates the firm’s continued commitment to provide clients with market-leading products and services in foreign exchange markets.”

Jim Iorio, Head of FX Distribution for Asia Pacific added: “The expansion of Barclays Capital’s trading capabilities provides convenient new ways to trade Renminbi offshore. The pool of liquidity made available by the firm is driving improved efficiency and helps to develop the CNH market for the benefit of our clients across the globe.”

Other highlights of the firm’s CNH product suite include secondary trading of CNH bonds.

In the 2011 Greenwich Associates Foreign Exchange Services study, Barclays Capital ranked 2nd in Asian (ex-JANZ) foreign exchange market share and 1st in Japanese foreign exchange market share. In 2010, the firm was ranked in the top three globally for the third year in a row in Euromoney magazine's FX client poll.


About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs 25,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.

About Barclays Capital FX

Barclays Capital provides clients with a comprehensive suite of innovative foreign exchange products, customised solutions, research and deep liquidity. The firm has ranked in the top three in Euromoney magazine's FX client poll for the past three years and was the only top three firm in the 2010 poll to gain market share.

About BARX

BARX, Barclays Capital’s award-winning multi-asset class online trading platform, combines exceptional liquidity with innovative trading tools and dedicated service. As a seamless ecommerce solution, BARX sets the standard for execution efficiency and service. BARX offers access to liquidity through innovative proprietary platforms and via several ECNs in the following asset classes: Commodities, Fixed Income, Emerging Markets, Money Markets, Foreign Exchange, Structured Investments, Equities and Futures. BARX also provides FIX and DMA connectivity and STP. For more information, please visit www.barx.com.

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