CreditTrade has put on hold its ambition to move credit derivatives customers away from voice brokered trades to transacting on its electronic platform. Increasing volatility, caused by last month's terrorist attacks in the U.S., means investors want to conduct transactions with a person because voice-brokers can give the story behind the credit, according to Paul Mullin, global head of sales in London. But Mullin added that its long-term plans still revolve around its electronic platform.
However Mullin commented that "some resemblance of normality will return soon and we will get back to electronic trading in certain sectors" such as telecoms, he said.
