Barclays Unveils Prime Brokerage SecLending Platform

February 14, 2001 ( - Barclays Capital has rolled out STRAX, an Internet based securities lending system that links lenders and borrowers of equity securities to its custodian, beneficial owner and hedge fund clients.

It is reportedly the only service available today that allows lenders or hedge funds to submit live bids/offers and get instant fills.  However, STRAX is only available to the custodial lenders or hedge fund clients of Barclays Capital’s Prime Brokerage unit.

The STRAX rollout is the latest expansion of Barclays Capital capabilities, including:

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  • Expanding Barclays Capital’s equity prime brokerage service to include fixed income products
  • the completion of Barclays Capital’s electronic equity trading platform for Japan
  • Introduction of convertible asset swaps.