ICG acquires 15% of Creditex Group

Internet Capital Group (ICG) has taken a 15% stake in Creditex Group following the merger of New York-based credit derivatives trading platform Creditex with London-based interdealer broker CreditTrade on November 28. Pennsylvania-based ICG said it used the cash proceeds of shares it previously held in CreditTrade as well as $9 million in cash to fund the holding, and has now appointed managing director Doug Alexander to the board of the combined firm.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: