Creditex adds LoanX data to boost relative-value capability

Creditex, the New York-based electronic trading platform for the credit derivatives market, is offering syndicated loan pricing data to clients of its PriceTracker credit derivatives data service.

Clients of PriceTracker can subscribe to the new service, which provides prices on more than 2,200 syndicated loan valuations sourced from syndicated loan brokerage LoanX.

PriceTracker is used by traders and portfolio managers as a means of conducting analysis on the credit markets. "Sophisticated credit portfolio managers have, until now, required multiple sources of market data to compare different risk asset classes," said Michael Rushmore, chief executive of LoanX. "This commitment to increase credit market transparency with aggregated derivatives and cash credit market data simplifies relative value analysis for all participants."

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