Creditex Starts Block Trading Service for Default Swaps
Bloomberg - June 5, 2007
A new service has been launched for large blocks of CDS. It may boost trading in the market. Bulk
trading can be complicated because it is difficult to gather quotes quickly. The story quotes Tim Frost of Cairn Capital
saying that his firm executed $1.7 billion of CDS in a few seconds via the Q-WIXX® platform. Some of the biggest dealers in
the market are providing prices on
Q-WIXX®.
