Inter-dealer broker CreditTrade has entered an agreement to contribute pricing data on credit derivatives to TotemQuotes, the online source for independently validated end-of-day OTC price data launched by London-based TotemOffice earlier this week.
CreditTrade joins Cantor Fitzgerald, Garban Intercapital and Tullett & Tokyo as a TotemQuotyes data contributor.
Paul Ellis, CEO of CreditTrade, comments: "This provision of a mark-to-market service for credit derivatives is extremely important for underpinning the credibility of this market and enhancing its development."