electronic Trading Newsflashes: Creditex is merging with CreditTrade to Beef Up Position in credit derivatives Execution
and Processing Services
Wall Street & Technology News, February 26, 2004
Creditex is merging with CreditTrade, a voice broker. The new company will take a leading market position in the fast-growing
sectors of credit derivatives. The firm will have offices in New York, New Jersey, London and Singapore and will execute
more than $2 trillion in notional value of transactions this year. Creditex CEO Sunil Hirani is quoted in the story saying
that by combining the two company's complementary strengths, Creditex Group will be best positioned to lead the market in
innovations and voice and electronic execution services.
