Credit Awards USA 2007

This year Credit held its first US awards ceremony, opting for a classic English high tea at the Ritz-Carlton near New York's World Financial Center. Nearly a hundred of the market's top performers joined us for cocktails and cucumber sandwiches for the first of what will be an annual event.

It was Lehman Brothers' afternoon. The bank's 15 years of investment in its global credit business translated into several of the most prized awards: best credit house, best securitisation house, best high-grade research, best credit strategy, best trade ideas and best index provider.

JPMorgan echoed its success in the European awards, scooping the honours for best distressed debt bank, best bank for credit derivatives, and best bank for high-yield research. Also celebrating were Deutsche Bank, voted top for structured credit, and Bank of America, this year's best high-grade corporate bond house in the US market.

CreditSights was named best independent research institution, and the US event provided the second opportunity to congratulate several winners who scooped awards in both US and European markets. MarketAxess picked up the prize for best multi-dealer trading platforms for corporate bonds and credit default swaps, Markit was named best operational support provider, and Q-Wixx, Creditex's automated CDS processing system, was voted innovation of the year.