Barclays launches structured product platform into UK market

Comet, Barclays wealth management platform for pricing, trading and executing structured investments has been launched into the UK market.

The platform can handle equity indices, stocks, ETFs, ADRs, and precious metals. By automating documentation at the quote and execution stages, Comet enables bespoke trades at smaller sizes than previously possible, Barclays added.

Other parameters that users can set include size, timing of trades, structure, economic terms, and underlying.

Comet is currently available to wealth managers in Europe, the US and Asia, and handles more than 90,000 intraday pricing requests per month, Barclays said.

Lisa Chaudhuri, UK Investor Solutions at Barclays, said: “Comet is a major step forward from existing online propositions in that it enables UK wealth managers to price, trade and execute flow structured investments, with documentation generated automatically for maximum efficiency.”

She added: “We believe this is a segment of the market with significant growth potential and we are committed to remaining at the forefront of innovation to help professional investors offer their clients the best possible service and execution.”

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