Barclays Promotes Synthetic Forwards SAFEs Market Starts Growing In London

PRODUCTS

Barclays Bank is pushing SAFEs. In fact, the bank has sent its two top forward dealers on a road trip to Sydney to man a special Forex '92 trade show exhibit promoting Synthetic Agreements for Forward Exchange (SAFEs). According to Eddie Browne, Barclays' assistant chief forward dealer, the bank has no corporate axe to grind in promoting the instruments, which are not a proprietary bank product. "Our only vested interest is that we want a more liquid market because we want to trade them," he

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