Creditex
Mortgage Brokers
Creditex
6th Floor, London
# Creditex: London-based Credit Market Infrastructure
Creditex operates a leading electronic trading platform specialising in credit derivatives and fixed income securities. Based in London, the firm provides institutional clients—primarily the world's top financial institutions—with technology and services for trading credit default swaps (CDS) and investment-grade and high-yield corporate bonds.
The company pioneered electronic CDS trading over a decade ago through its RealTime execution platform, which facilitates interdealer trade execution in credit markets. In 2015, Creditex expanded into the broader bond market via ICE Credit Trade, establishing itself as a comprehensive credit trading venue.
What distinguishes Creditex is its proprietary Delta-Neutral Auctions (DNA) product, a market-leading innovation that reduces jump-to-default risk by switching between multiple counterparties whilst maintaining risk-neutral portfolios. Since inception, DNA has reduced trillions in notional risk exposure across the market.
The firm also administers Credit Event Auctions—jointly with Markit—which have become the market standard for CDS settlement following corporate credit events such as bankruptcies or debt restructuring. Over 160 auctions have been executed since 2005, establishing transparent and efficient settlement processes underpinned by ISDA definitions.
Complementing its trading platforms, Creditex provides straight-through processing (STP) services via ICE Link, enabling clients to integrate seamlessly with market-standard connectivity whilst benefiting from dedicated technical support.
Creditex operates a leading electronic trading platform specialising in credit derivatives and fixed income securities. Based in London, the firm provides institutional clients—primarily the world's top financial institutions—with technology and services for trading credit default swaps (CDS) and investment-grade and high-yield corporate bonds.
The company pioneered electronic CDS trading over a decade ago through its RealTime execution platform, which facilitates interdealer trade execution in credit markets. In 2015, Creditex expanded into the broader bond market via ICE Credit Trade, establishing itself as a comprehensive credit trading venue.
What distinguishes Creditex is its proprietary Delta-Neutral Auctions (DNA) product, a market-leading innovation that reduces jump-to-default risk by switching between multiple counterparties whilst maintaining risk-neutral portfolios. Since inception, DNA has reduced trillions in notional risk exposure across the market.
The firm also administers Credit Event Auctions—jointly with Markit—which have become the market standard for CDS settlement following corporate credit events such as bankruptcies or debt restructuring. Over 160 auctions have been executed since 2005, establishing transparent and efficient settlement processes underpinned by ISDA definitions.
Complementing its trading platforms, Creditex provides straight-through processing (STP) services via ICE Link, enabling clients to integrate seamlessly with market-standard connectivity whilst benefiting from dedicated technical support.
Services offered
CDS trading platformCorporate bond tradingDelta-Neutral AuctionsCredit Event Auctions administrationStraight-through processing servicesPost-trade processingMarket data provisionRegulatory compliance documentation