ICAP has exceeded $300 billion in electronically traded U.S. credit default swaps on its BrokerTec platform, The Wall Street Journal reports. The U.K. inter-dealer broker first rolled out electronic CDS trading in October 2007.
The London-based firm now manages most of its bond and derivatives transactions electronically. ICAP recently added e-trading for CDS tied to individual credits and now offers it across 10 sectors.
Click here for the story from The Wall Street Journal.