Q-WIXX® has been specifically set up to assist dealers, correlation desks, hedge funds and other buy-side market participants in achieving execution and processing efficiencies when executing transactions known as Offers Wanted in Competition ("OWICs") or Bids Wanted in Competition ("BWICs"). These transactions are lists regularly containing over 100 credit derivative names and notional amounts of more than USD $1bn or €1bn per list.

Q-WIXX®, which has been spun-off into a separate, independently managed entity, was incubated and developed by Creditex Group Inc, who is widely recognized as the market leader in innovation for the execution and processing of credit derivatives.

Q-WIXX® executed the first ever automated electronic execution of a portfolio of credit derivatives in November 2006, when a leading asset manager executed a global portfolio of credits in excess of USD 1.7bn in conjunction with  major global credit derivatives dealers in under 15 minutes.