Mutant's Internet-Based Credit Trade Streamlines Credit Trading Process

TECHNOLOGY & INTEGRATION

LONDON--Credit derivative traders may now conduct business over an Internet-based credit derivative trading service that streamlines the trading process by allowing traders to post both the trade details and the documentation, instead of the time-consuming process of communicating the information separately.

Mutant Technology built the service known as CreditTrade, which went live on July 27 after a trial period in which the service was tested by a number of institutions including Chase Manha