Creditex Offers Electronic Trade Execution In The U.S. Credit derivatives broker Creditex has rolled out online execution platform trades on the iBoxx and TRAC-X indices in the U.S. Sunil Hirani, ceo in New York, said the move follows the platforms introduction in Europe last month (2/20). Offering online trade execution saves time and cost for dealers, he added.
Since rolling out the service last week the firm has executed over USD1 billion (notional) in the U.S. with trades from 14 dealers, Hirani said.
