Barclays backs LSE's retail bond trading
Monday 03 October 2011
Barclays Capital, the investment banking arm of Barclays Bank, is stepping up its involvement in a London Stock Exchange platform that allows private investors to trade in bonds. The bank will announce today that it is becoming a market maker for bonds listed on the LSE's electronic Order Book for Retail Bonds. ORB was launched in February 2010 and allows ordinary investors to buy and sell company and sovereign debt in the same way as they have long been able to trade in shares.
Pietro Poletto, the head of fixed income at the London Stock Exchange group, said: "Dedicated market makers such as Barclays Capital bring liquidity and depth to the market, which will only encourage further private investor participation".
Not everyone thinks it is appropriate for unsophisticated investors to be trading company debt. Mark Dampier of Hargreaves Lansdown said last year: "You need to understand senior and junior debt. You need to know where a bond is in the pecking order. If you look at bond fund managers, they've got analysts and lawyers looking at all the caveats."
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
Japanese island overrun with cats after population explodes
Bubonic plague-carrying fleas found on New York City rats
London property boom built on dirty money
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...