Creditex Spins Off Launches List Execution System
CreditFlux - June 5, 2007
A new credit derivatives trading system will transport bulk buying and selling into a more efficient
process. Q-WIXX® is a new computerized auction of lists that can transact lists sometimes as large as 150 names, in minutes.
The story describes the challenges of getting list trades done manually; specifically, the problem of gathering prices, but
by the time all have been gathered, finding that the market has typically moved away from those prices.
