Barclays Trading Arm, Under Adeel Khan, Vies With Wall Street Heavyweights

BAC -1.05% GS -1.11% BLK -0.91% DB -4.50% IVZ +0.39%

1. 1Barclays's global markets (trading) division, led by Adeel Khan, is exploring growth avenues amid capital constraints.
2. 2At its Tuesday earnings release, trading revenue is estimated at £2.51 billion ($340 million), while Goldman Sachs and JPMorgan each brought in roughly $12 billion.
3. 3Barclays has set a target of expanding its market share in securitized products, European rates, and equity derivatives from 2024, and has secured a top-five position with 65 of its 70 top-tier clients.

Source Bloomberg · View original ↗

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