Creditex, An Internet Trading Platform For Credit Derivatives Sets Sail
TRANSACTION SYSTEMS
NEW YORK--Creditex says that more than 500 trades were posted on its new Internet-based credit derivative trading system during a two week trial period that culminated in the official launch last week.
The web site provides information and tools for understanding credit risks, tools and analytics to measure them, as well as the trading platform for transferring risk. John McEvoy, one of the two founders of Creditex, says that there are 300 to 350 large companies that have not had anywhere they
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