GFI launches electronic credit derivatives trading platform
Inter-dealer broker GFI has completed the first stage of its rollout of CreditMatch, its electronic trading platform for credit derivatives.
CreditMatch has been installed on trader desks in Asia, North America and Europe at a number of banks including Barclays Capital, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan Chase, Lehman Brothers, Merrill Lynch and Société Générale. The first electronic trade was completed between Lehman Brothers and Barclays Capital’s London desks on a European insurance name, GFI said.
GFI said the platform will be extended to other sectors according to customer demand.
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