Radar Logic Incorporated (www.radarlogic.com) announced today that it has signed a license agreement with Barclays Capital, its seventh licensing agreement with Wall Street firms. These agreements enable the initiation of trading in derivative instruments and financial products based on Radar Logic's Residential Property Index™, or RPX™. The RPX enables users to trade residential property prices in 25 MSAs nationwide in addition to a composite index based on those 25 cities.
"We are very pleased to have Barclays Capital join our existing dealer group as interest and activity in RPX as an asset class continues to grow globally," said Michael Feder, CEO of Radar Logic. "Barclays Capital is an outstanding institution and we welcome them to this exciting product."
Radar Logic uses innovative, proprietary modeling techniques to create Daily Prices derived from the actual prices paid for U.S. residential real estate. Investment and derivative opportunities based on these prices, in the RPX, are expected to surpass $2 billion in volume traded by the end of the year.
Showing posts with label Barclays Capital. Show all posts
Showing posts with label Barclays Capital. Show all posts
Tuesday, 28 October 2008
Friday, 26 September 2008
Barclays Makes Entrance on NYSE
Barclays Capital announced today that following its acquisition of various assets of Lehman Brothers, it has opened as a market maker on the floor of the New York Stock Exchange (NYSE).
Barclays Capital will now act as a market maker for more than 400 NYSE-listed issues including 300 operating companies. In addition, it has employed the staff and taken over the technology of Lehman Brothers MarketMakers.
"Barclays Capital is a recognized leader in global finance, and we are extremely pleased to welcome them as NYSE Specialists," said Larry Leibowitz, Group Executive Vice President, Head of U.S. Markets and Global Technology, NYSE Euronext.
"We are delighted to have opened as a market maker on the NYSE so quickly after Lehman Brothers' bankruptcy," said Bill White, Head of Barclays Capital market maker business. "I would like to thank the NYSE and other regulators who have worked with us tirelessly to allow us to open today. We look forward to working with our clients and other market makers to provide clear, orderly and transparent pricing."
Specialists differentiate the NYSE market and contribute to the exchange's superior market quality and liquidity, and are integral in times of unusual market stress and volatility. In addition to Barclays, NYSE Designated Market Makers include: Banc of America Specialist; Bear Wagner Specialists LLC; LaBranche & Co. LLC; Spear, Leeds & Kellogg Specialists LLC; and Kellogg Specialist Group.
Barclays Capital will now act as a market maker for more than 400 NYSE-listed issues including 300 operating companies. In addition, it has employed the staff and taken over the technology of Lehman Brothers MarketMakers.
"Barclays Capital is a recognized leader in global finance, and we are extremely pleased to welcome them as NYSE Specialists," said Larry Leibowitz, Group Executive Vice President, Head of U.S. Markets and Global Technology, NYSE Euronext.
"We are delighted to have opened as a market maker on the NYSE so quickly after Lehman Brothers' bankruptcy," said Bill White, Head of Barclays Capital market maker business. "I would like to thank the NYSE and other regulators who have worked with us tirelessly to allow us to open today. We look forward to working with our clients and other market makers to provide clear, orderly and transparent pricing."
Specialists differentiate the NYSE market and contribute to the exchange's superior market quality and liquidity, and are integral in times of unusual market stress and volatility. In addition to Barclays, NYSE Designated Market Makers include: Banc of America Specialist; Bear Wagner Specialists LLC; LaBranche & Co. LLC; Spear, Leeds & Kellogg Specialists LLC; and Kellogg Specialist Group.
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