Back Office & Operations Technology & Risk Management

Traccr launches novel credit derivatives electronic brokerage


London-based Traccr Limited has announced the launch of its multi-dealer request-for-quote credit derivatives electronic brokerage service – which the firm describes as a new and unique offering that enables buy-side clients to trade credit derivatives either in credit-linked note or credit default swap formats.

Traccr’s online brokerage service provides trading functionality via a simple interface-based platform to deliver streaming, indicative credit default swap quotes, the ability to bilaterally negotiate terms, real-time execution and confirmation.

Chief executive Farooq Jaffrey said: “We are encouraged by the strong level of interest we have received from market participants in the platform, particularly