Creditex buys settlement firm to boost derivatives processing
Financial News - May 7, 2007
T-Zero®, a credit derivatives processing platform owned by Creditex, is allying with a loan market settlement provider
to provide an integrated solution for processing loan credit derivatives. Creditex Group, T-Zero®’s parent company,
has acquired a minority stake in Trade Settlement as part of a strategy to capitalize on the anticipated growth in loan-only
credit default swaps. The partnership coincides with the imminent launch of LCDX, a dealer-backed credit default swap index,
which is expected to give the market a boost.
