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Barclays Capital launches e-commerce blitz

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New York--Barclays Capital, the investment banking division of London-based financial services giant Barclays Group, has launched a pair of electronic-commerce initiatives aimed at the futures and convertibles marketplaces. The company has rolled out XTAS (eXchange Traded Access System), an Internet-based system for futures trading, as well as CB Webinfo, a Web- based system for convertible bonds. Barclays Capital will globally market the Net exchanges to its institutional customers. Barclays' developments are pivotal because it puts the firm in pole position in the budding futures and convertibles Net marketplaces.
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