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In 1999, Sunil Hirani launched an electronic trading platform for credit derivatives, which sold for $625 million nine years later. Now he's back - and his new idea is an exchange for interest rate swaps. Peter Madigan reports
Creditex's co-founder and chief executive, Sunil Hirani, talks to Alexander Campbell
Pennsylvania-based Internet Capital Group (ICG) has taken a 15% stake in Creditex Group, just days after it was formed from London-based interdealer broker CreditTrade and New York-based credit derivatives trading platform Creditex.
Credit derivatives broker Creditex has launched electronic trading of credit default swaps (CDS) indexes.
John McEvoy, co-founder and co-chief executive of credit default swap and structured credit broker Creditex, based in New York, has left the firm "to pursue other personal and professional opportunities".
New York-based provider of credit derivatives data and trading services Creditex has opened an office in Singapore to cater for the growing credit derivatives market in Asia-Pacific.
Former creditex chief strategic officer Dik Blewitt has been hired by Bank of America in New York as a managing director in its structured credit products group. Blewitt will structure credit products using credit derivatives for pension funds and…