The Swiss bank said the service provides clients with the ability to execute fully electronic trades of Single Name CDS with its Credit Derivatives Desk on any desktop computer via ‘Bloomberg Anywhere’ by going to CSDS<GO>.
Through the new service, clients can click to launch a trade request, eliminating the traditional way of making a phone call or message to traders for executing a trade.
Initially, Credit Suisse planning to offer select European industrial and sovereign names, and follow with additional European corporate sectors soon.
Credit Suisse head of Fixed Income for EMEA and head of the European Credit Business Eraj Shirvani said that the introduction of Single Name CDS electronic trading is another industry first for Credit Suisse.
"Clients want the efficient and immediate access to credit derivatives markets that is offered by electronic trading, and Credit Suisse is committed to stepping forward as a key partner as the landscape takes shape," Shirvani said.
In November 2010, Credit Suisse launched electronic trading of major CDS indices in Europe and the US.
Electronic CDS trading is part of Credit Suisse PLUS, an innovative source of client focused electronic solutions that span research, analytics and trading.
