As credit derivatives volume industry wide have increased dramatically, so too has the need of dealers and brokers to
extract more efficiencies from the market. This story discusses the development of electronic trading for credit derivatives
and cites Creditex and its first-mover advantage in launching an electronic platform earlier in the year. As the industry
seeks greater cost efficiencies and standardized settlement and clearing language, the need for electronic trading becomes
more important, according to the article. The article cites industry participants complimenting the Creditex platform for
its capabilities
