Designed by Barclays e-commerce business BARX, it allows wealth mangers to price trade and execute tailored structured investments across equity indices, stocks, Exchange Traded Funds (ETF), American Depositary Receipt (ADR) and precious metals such as gold, silver, palladium and platinum.
Comet is currently available to wealth managers across Europe, US and Asia, handling more than 90,000 intraday pricing requests a month, the bank said.
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Barclays has a dedicated Comet team for new users to give investors demonstrations of the platform, and to assist with the platform set up, the bank added.
"The platform gives investors full control over the size and timing of each trade as well as the ability to define its structure and economic terms," the bank said.
Lisa Chaudhuri, UK investor solutions, Barclays, said, "Comet’s click-and-trade functionality is leading-edge in the UK market and gives wealth managers full control over every bespoke trade for individual client portfolios, not just in terms of structure shape and terms but also with respect to timings and size."
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By GlobalDataSource: Private Banker International
