E-trading decimates broker fees for credit index trades
CreditFlux, May 1, 2004
credit derivatives dealers are benefitting from electronic trading of credit derivatives. There are major costs savings,
according to the traders cited in the story. A healthy portion of the market has switched to e-trading rather than using
voice brokers, who have reacted to this new service by lowering their fees. The story cites anonymous traders who offer their
views and support of e-trading of credit default swap indexes.
