Creditex and CreditTrade merge

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The merger of credit derivatives inter-dealer brokers Creditex and CreditTrade was met with open arms by dealers when it was announced in late July. Bringing together Creditex's expertise in electronic broking and CreditTrade's voice broking business, the move will create a hybrid brokerage business to challenge larger rivals GFI Group and Icap.

"The combined company is uniquely positioned to meet the credit market's growing and increasingly complex execution needs, whether it's voice, hybrid or

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