Credit Suisse First Boston (CSFB) has made a multi-year strategic alliance that will involve it making a cash contribution into Creditex, the online credit derivatives trading system. CSFB has also committed to add liquidity to the Creditex trading platform. In addition, the alliance provides for collaboration on developing technology that will benefit both Creditex and CSFB over the term of the agreement.
Through a cash contribution to Creditex, CSFB becomes a strategic long-term partner in the development of the Creditex global liquidity platform for credit derivatives. Creditex will also develop the technology that will integrate CSFB’s internal systems with the Creditex trading system, and allow for the instantaneous dissemination of pricing information to all Creditex subscribers as CSFB updates its prices throughout the trading day.