Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.

Abstract: A method for conducting an exchange auction includes a computer receiving financial positions data defining long and short positions associated with a first financial instrument. The method further includes matching, by the computer, one of the short positions and one of the long positions and generating a first proposed trade including the matched positions. The method further includes generating, by the computer, a second proposed trade including a short position and long position associated with second financial instrument, such that a net notion of the first proposed is equal to a notional of the second propose trade. The method further includes executing the first and second proposed trades.

Abstract: Systems and methods for market order volume clearing in online trading of credit derivatives are disclosed. In one embodiment, a method for market order volume clearing may comprise: selecting, from a plurality of credit derivatives, at least one most liquid credit derivative; determining a volume clearing price level for the selected credit derivative; inviting trading clients of the electronic trading system to submit, within a time limit, buy orders and sell orders for the selected credit derivative at the volume clearing price level, each buy order or sell order specifying a desired volume; matching the buy orders and the sell orders submitted within the time limit to maximize a total notional amount of the selected credit derivative that can be traded at the volume clearing price level; and completing trades at the volume clearing price level according to the matching of orders.

Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.

Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.

Abstract: Techniques for reducing delta values of credit risk positions in online trading of credit derivatives are disclosed.

Abstract: Methods and systems that facilitate the bulk execution of credit derivative transactions such as “bids wanted in competition” portfolios are disclosed. The methods include accepting from an initiating counterparty an identification of a plurality of credit default swap (CDS) contracts to be priced, providing to a plurality of dealers the identified CDS contracts to be priced, accepting bids or offers from the dealers for one or more of the identified CDS contracts, and accepting from the initiating counterparty an indication to execute one or more of the bids or offers.

Abstract: Disclosed are methods and systems for transacting credit derivatives. The methods and systems allow for the calculation of the final cash settlement prices for credit derivatives following a credit event, such as a corporate bankruptcy.

Abstract: Systems and methods for market order volume clearing in online trading of credit derivatives are disclosed. In one embodiment, a method for market order volume clearing may comprise: selecting, from a plurality of credit derivatives, at least one most liquid credit derivative; determining a volume clearing price level for the selected credit derivative; inviting trading clients of the electronic trading system to submit, within a time limit, buy orders and sell orders for the selected credit derivative at the volume clearing price level, each buy order or sell order specifying a desired volume; matching the buy orders and the sell orders submitted within the time limit to maximize a total notional amount of the selected credit derivative that can be traded at the volume clearing price level; and completing trades at the volume clearing price level according to the matching of orders.

Abstract: Systems and methods for market order volume clearing in online trading of credit derivatives are disclosed. In one embodiment, a method for market order volume clearing may comprise: selecting, from a plurality of credit derivatives, at least one most liquid credit derivative; determining a volume clearing price level for the selected credit derivative; inviting trading clients of the electronic trading system to submit, within a time limit, buy orders and sell orders for the selected credit derivative at the volume clearing price level, each buy order or sell order specifying a desired volume; matching the buy orders and the sell orders submitted within the time limit to maximize a total notional amount of the selected credit derivative that can be traded at the volume clearing price level; and completing trades at the volume clearing price level according to the matching of orders.

Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.

Abstract: Disclosed are methods and systems for transacting credit derivatives. The methods and systems allow for the calculation of the final cash settlement prices for credit derivatives following a credit event, such as a corporate bankruptcy.

Abstract: An electronic netting system. The system may include: (a) a plurality of individual, segregated counterparties for providing bilateral trades, (b) a multi-lateral transaction hub, and (c) a trading system in communication with the transaction hub. The multi-lateral transaction hub may be for (i) providing an aggregation of trades between the counterparties, (ii) providing for multi-lateral netting of selected and authorized bilateral trades, and (iii) apportioning the accumulated trade values among the counterparties according to pre-determined netting parameters including a weighted distribution selectable by at least one of the counterparties. The transaction hub may include: (i) a trade processing system and (ii) a netting system in communication with the trade processing system for providing for the optimized, multi-lateral netting of selected and authorized bilateral trades and apportioning the accumulated trade values among the counterparties.

Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.

Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.

Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.

Abstract: Methods and systems that provide a post-trade affirmation and messaging service. This service allows parties to affirm trades with their counterparties prior to processing. The addition of this affirmation layer helps ensure that all the key economic details of the trade including allocations, reference entity, payment dates etc. are agreed to between both counterparties immediately after execution.

Abstract: A credit derivative trading platform comprises a credit derivative authority configured to create contracts and allow market participants to trade credit derivative contracts in real-time. One or more credit sponsors provide credit to the market participants on the platform. One or more liquidity sponsors may provide a predetermined level of price support on the platform.

Abstract: System and method for fixing a tranche index delta level include a plurality of client systems configured to receive a plurality of deltas from a plurality of dealers, and a central authority system configured to receive the plurality of deltas and average received deltas to determine a fixed delta level.

Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.