View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 18, 2006

Q-Wixx automated credit derivatives service launched

Q-Wixx, an electronic platform for trading large credit derivative portfolios, has completed its inaugural beta trade - a portfolio consisting of 131 North American and European credit derivatives names.

By CBR Staff Writer

This milestone transaction took 10 minutes to execute on the Q-Wixx platform; in the past, such a transaction would have required significantly more time. The shortened timeframe is said to have resulted in greatly reduced market risk to the participants.

The inaugural beta trade on the Q-Wixx platform was done in conjunction with four major global credit derivatives dealers: Goldman Sachs, JPMorgan, Deutsche Bank and Credit Suisse, along with Cairn Capital, one of the leading credit hedge funds.

Q-Wixx was incubated and developed by Creditex Group, the leading electronic and hybrid marketplace for credit derivatives in the dealer community, and is being spun off into a separate, independently managed entity.

In an industry experiencing exponential growth and considerable regulatory focus, the platform represents much-needed certainty of execution, automation, operational benefits, as well as time and costs savings, its creator claims.

Duncan Needham of Cairn Capital said, Q-Wixx allows us to enhance returns for our investors while reducing operational risks. It is nothing short of an iPod for the credit markets. We have seen the future and it works.

Q-Wixx is expected to be in beta mode until January 2007, at which time a formal global launch is planned.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.