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Q-WIXX® Shrinks the World
Financial Times - December 12, 2006
The story discusses the launch of a platform that links buyers and sellers in an auction in the credit derivatives market. The story indicates that the new platform circumvents the need to have conversations with dealers to obtain prices and execute trades. The switch is important, the article says, because of the pace of business and the complexity of completing such big transaction. The story quotes a market participant as saying the new service is "a huge step for the market."
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