The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best non-bank site for credit derivatives: creditex

Highly commended: Mark-It partners

Last year’s winner, creditex, retains its title in 2003. The size of the task that creditex has set itself – increasing liquidity in credit derivatives through real-time pricing – and the degree of acceptance it is achieving among traders, make it stand out.

RealTime is creditex’s single-name credit default swap electronic trading platform, part of its hybrid interdealer brokerage. RealTime gives immediate price updates that are as close to live prices as the credit derivatives market can get. The tight bid-offer spreads suggest that the prices are good.

To have captured such a large chunk of the CDS market and allow traders to access bid and offer prices at trading levels is a unique achievement. Dealers like the way that RealTime is laid out on their desktops, with prices punched in or removed quickly and easily; colour coding to distinguish their own from other dealers’ prices; and the bar at the bottom of the screen where users can chart spreads or pull up data on a particular name for reference. They also appreciate other features, such as the trade blotter, customizable alerts and new e-mail chat facility.

PriceTracker, meanwhile, is a data delivery application that lets traders see historical bid and offer prices, graph these prices, and perform some analytics functions.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree