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 trader clients in real-time whenever there is movement in the market for a particular credit derivative. The credit derivative trading system also allows trader clients to define, and receive credit derivative information for specified reference entities and to create portfolios of reference entities for which credit derivative information is displayed and tracked on a portfolio basis.