First trade for Creditex's online bulk CDS platform

Q-Wixx said the trade involved four dealers - Credit Suisse, Deutsche Bank, Goldman Sachs and JP Morgan - and the credit-focused hedge fund Cairn Capital. The portfolio included 131 north American and European names, totalling $1 billion and €500 million respectively, and was executed in 10 minutes, using T-Zero straight-through processing.

The company plans to focus on ‘offers wanted in competition’ and ‘bids wanted in competition’ lists of large numbers of names with notionals over $1 billion or €1 billion.

The company is being spun off from US electronic trading platform Creditex.

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

You need to sign in to use this feature. If you don’t have a 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