Inter-dealer broker GFI has completed the first stage of its rollout of CreditMatch, its electronic trading platform for credit derivatives.Dealers are now able to trade credit default swaps on European banking and insurance names electronically, GFI said. Consistent with its hybrid brokerage model, dealers can trade entirely on screen or over the phone, it added.
CreditMatch has been installed on trader desks in Asia, North America and Europe at a number of banks including Barclays Capital, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan Chase, Lehman Brothers, Merrill Lynch and Société Générale. The first electronic trade was completed between Lehman Brothers and Barclays Capital’s London desks on a European insurance name, GFI said.
GFI said the platform will be extended to other sectors according to customer demand.
More on Technology
Markup language could reduce high levels of operational risk
Sponsored feature: Northern Trust
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require sig...
Structured Products Technology Rankings 2014
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.