ICE Creditex

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  Company Overview

Creditex was acquired by Intercontinental Exchange for $625 Million in stock and cash on 04 January 2008 It is an interdealer broker that provides execution and processing of credit default swaps (CDS) and corporate bonds in the US, Europe and Asia using a hybrid model of voice and electronic execution. The company was the first to introduce electronic processing and execution in the Credit Default Swap (CDS) market in 2004 Milestones: •2008 Delta Neutral Auctions in single name CDS launched •2015 Creditex expanded into serving the bond market, through the launch of ICE Credit Trade, a leading electronic platform for trading investment grade and high yield corporate bonds.

Type of business
Data Source
North America
Inter-Dealer Broker

  Corporate Details

Date of UpdateUnknown
HeadquartersNew York, United States
Market Cap US$N/A
Revenue US$N/A
OwnershipSubsidiary: InterContinental Exchange
ManagementPresident: Marshall Nicholson Chief Financial Officer: Sophia Corona Vice-President Compliance, Catherine O’Conor

  Website Analysis

Alexa Rank38,500
TypeData Source
Client CaseInter-Dealer Broker
CoverageUnited States, Singapore, United Kingdom
Asset ClassesUnknown
Compliance & RiskUnknown
Indices & BenchmarksUnknown
Reference DataYES
Economic DataUnknown

  Key Products & Services

Creditex: Offers two platforms 1. Creditex Realtime Execution for inter-dealer trading in credit products and 2. ICE Credit Trade for trading in corporate investment grade and high yield bonds 3. Price quote and evaluated price information is available via ICE Data Delta-Neutral Auctions (DNA) : Also offered through the Creditex platform, providing jump-to-default risk reduction. DNA switches between multiple counterparties to reduce unwanted curve risk while maintaining a risk-neutral portfolio. Post Trade Processing: STP services linked to Creditex via the ICE Link service

  Business Potential

PresenceUnited States, Singapore, United Kingdom
MarketInvestment Banks, Commercial banks, Hedge Funds
CompetitionBGC Partners, Bloomberg, CME/NEX, MarketAxess, TP ICAP, Tradition
AvailabilityDirect from ICE Creditex
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