Phoenix Partners Group, an interdealer broker with offices in New York, London, Switzerland and Paris, has unveiled its U.S. credit default swap (CDS) electronic trading platform. The new Firebird trading platform, launched on 14 CDS dealers, supports the trading of high yield, investment grade and loan CDS index products. The platform supports both hybrid-click trading, which allows traders to interact with their Phoenix brokers, while simultaneously executing trades on their own as well as pure-click electronic trading. Some of the capabilities of the new platform include real-time risk management, position limit monitoring and automated trade surveillance.
Click here for the release from Business Wire.