Q-WIXX® launches with broad market support
The Trade News.com - June 6, 2007

Q-WIXX®, an electronic platform for trading large portfolios of single- name credit default swaps (CDS), launched its automated service for the global market, with support from many market participants. The dealers that have joined the platform include BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Merrill Lynch and UBS. Q-WIXX® assist dealers and buyside in achieving improved pricing and processing efficiencies when executing transactions known as 'offers wanted in competition' (OWICS) or 'bids wanted in competition' (BIDS). Q-WIXX® provides clients with live prices, making it easier for them to execute trades while reducing communication and execution time, the firm says.

Back