Creditex Is Merging With CreditTrade to Beef Up its Position in credit derivatives Execution and Processing Services, and more Wall Street & Tech coverage – 27-JULY-2006

*Creditex Is Merging With CreditTrade to Become a Major Global Player in credit derivatives Execution and Processing Services*

Creditex, a leader in execution and processing of credit derivatives, is merging with CreditTrade, a voice broker in the global credit markets.

The new company, to be known as Creditex Group, is poised to take a leading market position in the fastest growing sectors of the credit default swap (CDS) market- namely European and North American indices, European and North American structured products as well as strong positions across all single name sectors and emerging markets globally, says the release.

With offices in New York, New Jersey and London and Singapore, Creditex Group expects to execute over USD $2 trillion in notional in 2006 of single name, emerging markets, index and index-tranche credit derivatives.

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