GFI launches electronic credit derivatives trading platform
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.
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