ScreenWars The broker battle for dominance of CDS e-trading

- Simon Boughey
- 01 Dec 2004

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Every morning, it seems someone else launches an electronic credit derivative trading platform; it’s difficult to keep up with it all. At the beginning of the year, traditional voice trading was the dominant form, yet it now seems to be disappearing faster than London black cabs after 9pm. An enormous sea change in market practice is under way.

Distinctions have to be made between the various online credit derivative trading systems in the market. Some function only on a dealer-to-client basis

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