Creditex Boosts Electronic CDS Trading

Creditex, a wholly-owned unit ofIntercontinentalExchange, has extended its electronic trading capabilities and products for credit default swaps (CDS) for the North American market. Creditex, which executes interdealer trades, added the most liquid Investment Grade and High Yield series of CDX indexes on March 7.

Creditex has provided electronic trade matching services for North American CDS since 2009. Along with its core execution offering in the U.S., Europe and Asia, Creditex also offers key post-trade risk reduction services for the CDS market.

Click here for the release fromPR Newswire.