17 December 2017
visit http://response.ncr.com

Creditex launches credit default swap index platform

25 February 2004  |  5381 views  |  0 Creditex launches credit default swap index platform

Credit derivatives execution and information company Creditex has launched the first electronic platform for trading credit default swap indices, including the rival iBoxx and Trac-X suites.

The platform began live operation this week after pilot trials with a number of London-based liquidity providers. The system allows traders to place live, actionable orders and receive intraday and end-of-day electronic feeds of live index prices as well as trade confirmations.

Tim Frost, head of European trading at JP Morgan says: "The industry will benefit from Creditex's innovation in numerous ways, including cost savings and control improvements that result from the efficiency of automating the trade and post-trade processes."

Creditex's system has been brought to market in advance of a proposed offering from the US' Depository Trust and Clearing Corporation.

Creditex says it will roll out the platform to additional clients in Europe and North America over the coming weeks.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Creditex launches FpML broker confirmation service

Creditex launches FpML broker confirmation service

11 December 2003  |  4147 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10643 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10277 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7638 views comments | 10 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7339 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6759 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job