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
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