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 King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Presidential optical illusion offers clues to how brain processes faces
- 5 Grumpy Roald Dahl letter warning student to 'eschew beastly adjectives' rediscovered after 35 years
King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ukip Jelly Babies cause uproar on Amazon
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...