All aboard the e-bandwagon

Another online credit derivatives trading platform has launched into a space dominated by inter-dealer brokers GFI and Creditex. Saskia Scholtes assesses whether this new platform from IDX Capital will be able to carve out a niche for itself in an already crowded marketplace

The exponential growth of the credit derivatives market in recent years has produced an abundance of challenges and opportunities for those involved in the electronic brokerage industry. The International Swaps and Derivatives Association now pegs the total notional value of the credit derivatives market at a massive $12 trillion, so the opportunity for electronically trading these instruments is golden.

But from the operational demands of efficient screen execution and processing in