(Bloomberg) -- Credit derivatives broker Creditex
Inc. is starting an automated service that shortens the time it
takes to trade large blocks of credit-default swaps.
The trading platform, called Q-WIXX, will allow investors
to buy or sell electronically groups of as many as 200 different
credit-default swaps, according to Sunil Hirani, chief executive
officer at New York-based Creditex. Bulk transactions of the
contracts, used to bet on a company's ability to repay debt, can
be done in minutes rather than hours, Creditex said.
Read more at Bloomberg Bonds News
Inc. is starting an automated service that shortens the time it
takes to trade large blocks of credit-default swaps.
The trading platform, called Q-WIXX, will allow investors
to buy or sell electronically groups of as many as 200 different
credit-default swaps, according to Sunil Hirani, chief executive
officer at New York-based Creditex. Bulk transactions of the
contracts, used to bet on a company's ability to repay debt, can
be done in minutes rather than hours, Creditex said.
Read more at Bloomberg Bonds News
1 comment:
need third party access to trade this ? (from the banks)
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