CreditTrade and Creditex set to merge

London-based interdealer broker CreditTrade and New York-based credit derivatives electronic trading platform Creditex are merging to form a single company offering voice and electronic execution services in the fast-growing credit derivatives market.

The new company, to be known as Creditex Group, expects to execute more than $2 trillion in notional of single-name, emerging markets, index and index tranche credit derivatives this year. The credit derivatives market grew by 105% last year

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