Barclays To Offer CME Eurodollar Options On Electronic Trading System

Barclays Capital and Chicago Mercantile Exchange teamed up to offer CME Eurodollar options strategies on Barclays Capital's electronic trading system, BARX, making it the first bank to offer electronic execution of CME Eurodollar options on its electronic trading system. "This

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Barclays Capital and Chicago Mercantile Exchange teamed up to offer CME Eurodollar options strategies on Barclays Capital’s electronic trading system, BARX, making it the first bank to offer electronic execution of CME Eurodollar options on its electronic trading system.

“This provides our clients with the most powerful tool to trade all CME listed strategies on the CME electronic market,” said Alasdair Hodge, managing director, head of listed futures and options at Barclays Capital. “Our clients will greatly benefit from this additional functionality and the market transparency that comes with direct access to the CME Eurodollar options market.”

Options on CME Eurodollar futures are the most actively traded, exchange- listed, interest rate options in the world. They are a risk management tool that provides the opportunity to limit losses while maintaining the possibility of profiting from favorable changes in futures prices. Options liquidity allows market participants to take advantage of their views on the direction of US interest rates.

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