Q-Wixx rolls out flagship CDS trading platform

The platform, known as Q-Wixx, is owned by inter-dealer broker Creditex and has signed up seven dealers – BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Merrill Lynch and UBS – to provide liquidity, with four more dealers in the process of joining. Traders on both sides of the market have heralded Q-Wixx as a welcome development in the CDS market, automating a process that has been riddled with bottlenecks. Historically, buy-side firms have sent CDS lists to sales contacts at de