CreditTrade strikes deal with Digital Island

CreditTrade, a credit derivatives dealing platform, plans to offer Web services that it says should cut implementation and facilities costs by 30%, while accommodating up to 5,000 transactions per day.

The firm has struck a deal with Digital Island to supply 2transact and 2manage services, creating a secure SAS Type II-rated global infrastructure.

The 2transact service combines managed hosting in London, New York and Singapore, including operating system and database support, with access to Digital Island’s global private network to execute transactions. The 2manage services allow CreditTrade to monitor hosted applications and directly maintain databases.

The system supports real-time price

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