Trading: T-Zero launched to capture and channel trades

From electronic trading platforms to credit event fixings, inter-dealer broker Creditex regularly sets the pace in the electronic credit derivatives trading. But the market didn’t know quite how to take spin-off of its post-trade processing platform T-Zero.

Rival brokers and other service-providers are reserving judgment because T-Zero isn’t obviously in direct competition with any of them. T-Zero aims to connect any credit derivatives market participant – dealing banks and their clients, brokers, prime brokers, dealer-to-client platforms, and so on – to the providers of the operational functions, like valuation and documentation services, that get trades done.