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“The European market has been the beneficiary of its ability to match buyers and sellers, and to print tickets automatically. When markets are volatile, having certainty of execution is invaluable” |
The level of operating efficiency attainable through electronic trading has proved invaluable to dealers. In Europe, this can be seen keenly in the credit default swap market. Creditex, which along with GFI and Icap holds a 90% share of the European inter-dealer market, executed more than $2.5
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