Barclays has announced its intention to purchase American specialist market maker LaBranche and Company, in a move which could create new finance graduate jobs.

LaBranche’s business centres on quoting buy and sell prices for different shares on the New York Stock Exchange, and the purchase is worth $25m (£15.3m).

Barclays is currently in a strong position, having not required a government bailout during the global financial crisis.

Head of Barclays Capital Market Makers William White said: "This transaction underscores our commitment to our DMM business and to promoting competitive and transparent public markets.

"We look forward to continuing our partnership with the New York Stock Exchange in offering our market-leading equities capabilities to an expanded client base."

Those wanting to take advantage of newly-available finance graduate jobs could benefit by seeking expert careers advice.

Recently, the Royal Bank of Scotland attracted a number bids for the purchase of its commodities arm, in a sell-off process which could create further job opportunities.

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