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Broker Traccr launches electronic CDS trading for buyside
Wednesday, December 7, 2011
Traccr on Wednesday announced the launch of a multi-dealer electronic trading platform for CDS and credit-linked notes.
The privately owned London-based broking operation began trading with a request-for-quote protocol, widely seen as suitable for less liquid markets.
The company has been in talks with "more than a dozen" dealers to provide liquidity. However, a spokesperson was not able to confirm which dealers were offering prices on the first day of trading.
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CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
