Barclays joins ETFX as swap provider

Barclays joins the existing participants on the third generation ETF platform, including BofA Merrill Lynch, Citi and Rabobank. ETFX aims to diversify index replication across a range of financial institutions, in order to mitigate counterparty risk and to concentrate liquidity within a single issuance vehicle. The platform offers 21 equity ETFs with a focus on resource-based funds, as well as double leveraged and double short funds. This range is listed on five European exchanges, including the London Stock Exchange, and is traded in three currencies, comprising the US dollar, euro a...