BNET Industries
Last Fiscal Year Sales:$7.5M
- Private
- US
Dow Jones Description
Creditex is the global market leader and innovator in execution and processing of credit derivatives. The first and leading e-trading platform in credit derivatives, Creditex is used by more than 1000 credit derivatives traders at the world's top financial institutions. The platform has electronically executed over $1.5 trillion notional in credit default swap (CDS) indices, single-name CDS and standardized structured credit products. In 2005, Creditex pioneered the first Tradeable Credit Fixings, a milestone in bringing additional confidence and transparency to the market by providing a standard benchmark and settlement rate. The firm is also leading the industry in "straight-through processing" initiatives, allowing its growing client base to reduce operational risk and transaction costs. Creditex's technology continues to set the standard for innovation in the credit derivatives market and its talented people the benchmark for best-in-class client service.
Chief Executive Officer
Sunil G. HiraniNumber of Employees 74
Peer Companies
NAICS Code Investment Advice: 523930
News & Analysis
Filter by
creditex inc. - All News and Analysis
Markit & Creditex Complete General Motors Credit Event Auction as One of Five Auctions for Week of 8 June
**38 AUCTIONS COMPLETED TO DATE IN 2009** LONDON and NEW YORK, June 16 /PRNewswire-FirstCall/ -- During the week of June 8, 2009, Markit and Creditex conducted Credit Event Auctions CEAs to facilitate settlement of credit derivative trades referencing five global companies, including General Motors. The...
Markit & Creditex Complete General Motors Credit Event Auction as One of Five Auctions for Week of 8 June.
LONDON and NEW YORK, June 16 /PRNewswire/ -- **38 AUCTIONS COMPLETED TO DATE IN 2009** During the week of June 8, 2009, Markit and Creditex conducted Credit Event Auctions CEAs to facilitate settlement of credit derivative trades...
Creditex Turns to Azul Systems for Breakthrough Performance
Azul Systems Compute Appliances Deployed by Creditex to Enhance Leading Credit Derivatives Trading Platform MOUNTAIN VIEW, Calif. -- Azul Systems today announced that Creditex, the global market leader and innovator in execution and processing of credit derivatives, has deployed Azul Compute Appliances to cost-effectively scale and improve performance in...
ICG Announces Completion of Sale of Creditex to IntercontinentalExchange
WAYNE, Pa. -- Internet Capital Group, Inc. (Nasdaq:ICGE) today announced that the sale of its partner company, Creditex Group Inc., to IntercontinentalExchange, Inc. (NYSE:ICE), a leading operator of global derivatives exchanges and over-the-counter OTC markets, was consummated on August 29, 2008. ICG's portion of the sale proceeds consists of...
ICG Announces Execution of Merger Agreement between Creditex and IntercontinentalExchange
WAYNE, Pa. -- Internet Capital Group, Inc. (Nasdaq: ICGE) today announced that its partner company, Creditex Group Inc., has entered into a definitive merger agreement under which it will be acquired by IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global derivatives exchanges and over-the-counter OTC markets. The closing of...
ICG Announces Closing of Merger Of CreditTrade and Creditex Group
Combined Company Will Have Market-Leading Position in Rapidly Growing Market
Hot game in town: betting on defaults; But will credit derivatives meet test if market tanks?(News)(Creditex Inc. wants to buy CreditTrade and its further management)
Byline: Aaron Elstein Just seven years after its birth, Creditex Inc. is showing all the signs of adulthood. It has left its hip but cramped headquarters in the Flatiron district for bigger space in midtown, where co-founder and Chief Executive Su Byline: Aaron...
Creditex and CreditTrade to Merge, Creates Credit Derivatives Market Leader.
LONDON and NEW YORK, July 25 /PRNewswire/ -- Creditex Inc. and CreditTrade, Inc. today announced the merger of their companies, creating a global force in the credit derivatives market, to be known as Creditex Group Inc. Creditex Group Inc. will have leading...
ICG Announces Interest in Newly Combined Company of Creditex and CreditTrade; ICG Partner Company CreditTrade to Merge with Creditex
WAYNE, Pa. -- Internet Capital Group, Inc. (Nasdaq:ICGE), today announced that its partner company, CreditTrade, Inc. has entered into a merger agreement with Creditex Group, Inc. The merger is subject to receipt of regulatory approvals and is expected to occur within 30 to 60 days. Upon the closing of the...
TA Associates Completes Investment in Creditex
BOSTON -- TA Associates, a leading buyout and private equity firm, today announced that it has completed its investment in Creditex, Inc., the leading provider of electronic execution services in the credit derivatives market. TA and Creditex announced the pending investment on June 1, 2005. The transaction will fuel...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Sunil G. Hirani | Chief Executive Officer |
| John Grifonetti | President and Coo |
| Chuck Doerr | Chief Technology Officer |
| Jim Miller | Creditex's Chief Technology Officer |
| Sophia Corona | Chief Financial Officer |
| John McEvoy | Creditex Co-Founder |
| Dik Blewitt | Head of Marketing At Creditex |
| Grant Biggar | Head of Creditex Europe (Creditex International Ltd) |
| Mazy DAR | |
| Warren Saft | Head of Creditex's Data |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Douglas A. Alexander | Board of Directors |
| Jonathan W. Meeks | Board Director |
Sunil Hirani is a co-founder, Chief Executive Officer and Chairman of Creditex, a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE). Since its inception in 1999, Creditex has grown into a global market leader and innovator in the execution and processing of credit derivatives. Headquartered in New York City and serving traders at the world's leading financial institutions, Creditex is the first electronic trading platform in credit derivatives and has received numerous awards for its technology and its outstanding service to the industry. Mr. Hirani's approach has expanded Creditex's business globally, including the launch of T-Zero, the leading credit derivatives trade capture and affirmation platform, and Q-WIXX, the award-winning platform for trading large portfolios of single-name credit default swaps for hedge funds and buy side clients. Before founding Creditex in 1999, Mr. Hirani worked at Deutsche Bank and Bankers Trust, where he was involved with numerous aspects of the over-the-counter (OTC) derivatives business. At Deutsche Bank, he was instrumental in the development of the credit derivatives business in North America. He previously worked as a software engineer at Lockheed, where he designed, developed, and implemented software and hardware systems for the NASA space program in Houston. Crain's New York Business named Mr. Hirani to the "40 Under 40" list in 2006. In 2007, he received the Ernst and Young Entrepreneur of The Year Award for financial services. Mr. Hirani is a member of the national council at Washington University, St. Louis, where he serves on the School of Engineering's National Council and Eliot Society. He is also a member of New York Metro YPO Group as well as the Economic Club of New York. Mr. Hirani earned a Bachelor of Science degree in Computer Science from Washington University and a Master of Business Administration from Northwestern University
| Organization | Position | Status |
|---|---|---|
| IntercontinentalExchange, Inc. | Chairman and Chief Executive Officer, Creditex | Current |
| Creditex, Inc. | Chief Executive Officer | Current |
| Creditex, Inc. | Founder | Current |
| Creditex, Inc. | Chairman | Current |
| Economic Club of New York | Board of Directors | Current |
| Creditex, Inc. | Owner | Former |
| National Aeronautics and Space Administration | Software Engineer | Former |
| Bankers Trust Company Inc. | Former | |
| Northwestern University | Master of Business Administration | Former |
| Washington University | Bachelor of Science Degree In Computer Science | Former |
| Kellogg School of Management at Northwestern University | Former |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | President and Coo | Current |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Chief Technology Officer | Current |
| Raytheon Company | Former | |
| UBS Warburg | Former | |
| Carnegie Mellon University | Former |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Creditex's Chief Technology Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Chief Financial Officer | Current |
| Allied Healthcare International Inc. | Board of Directors | Current |
| Bigfoot Interactive, Inc. | Chief Financial Officer | Former |
| Visual Radio | Vice President of Business Development | Former |
| American International Group, Inc. | Former | |
| Brooklyn College | BS In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Creditex Co-Founder | Current |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Head of Marketing At Creditex | Current |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Head of Creditex Europe (Creditex International Ltd) | Current |
| Auckland University | Bachelor of Commerce Degree | Former |
Mazy is the company's Chief Strategy Officer, responsible for Creditex Group's strategic new business initiatives. In 2004, Mazy led the launch of Creditex e-trading, establishing the firm as the global leader in electronic credit derivative execution. He subsequently spearheaded Creditex's launch of the Tradeable Credit Fixings and has played an instrumental role in the creation of the company's new ventures -- T-Zero and Q-WIXX . Mazy has over 10 years of experience in financial technology. Prior to joining Creditex, he worked in information technology at UBS Warburg. Mazy holds a BA in Computer Science and French Literature from Cornell University and was part of the UBS Warburg Graduate Training Program.
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Current | |
| UBS Warburg | Former |
| Organization | Position | Status |
|---|---|---|
| Creditex, Inc. | Head of Creditex's Data | Current |
An original member of ICG's advisory board, Doug joined the company full-time in September 1997 as Managing Director, and was appointed President of ICG in January, 2009. Doug has had many roles at ICG including CEO of WiseWire Technologies, which was successfully sold to Lycos; Chairman of Verticalnet through its IPO; CEO of ICG Europe; and CEO of Traffic.com, which was later successfully sold to Navteq. In addition to these roles, Doug's primary focus at ICG has been to sponsor and oversee investments in several partner companies that have included Blackboard (Nasdaq: BBBB), Verticalnet (Nasdaq:VERT), eMerge Interactive (Nasdaq: EMRG), Arbinet-thexchange (Nasdaq: ARBX), WiseWire (acquired by Lycos), LinkShare (acquired by Rakuten), CreditTrade (merged with Creditex Group), Creditex (acquired by Intercontinental Exchange (NYSE: ICE)), StarCite, Traffic.com (acquired by Navteq), and Investor Force. Doug currently serves on the boards of Channel Intelligence, Investor Force, StarCite, ICG Commerce, WhiteFence and Commerce360. Prior to joining ICG, Doug co-founded Reality Online in 1989. Reality Online was an early innovator in the development of award-winning financial planning tools and online services aimed at the individual investor. With the advent of the Internet, Doug transformed the company into a leading provider of Internet solutions to the retail brokerage industry, and then sold the company to Reuters in February 1994. Over the following 3 years, Doug became a key contributor to Reuters' many Internet initiatives and a frequent speaker on the Internet and its impact on the financial services industry. Prior to co-founding Reality Online, Doug was a partner with Strategic Management Group, a corporate training firm and three-time Inc. 500 company. Education:University of Pennsylvania, B.S., Electrical Engineering; Wharton School of Business at the University of Pennsylvania, B.S., Economics
| Organization | Position | Status |
|---|---|---|
| Internet Capital Group, Inc. | Managing Director, Operations | Current |
| Creditex, Inc. | Board of Directors | Current |
| Investor Force Holdings Inc. | Board Member | Current |
| StarCite, Inc. | Board Member | Current |
| Linkshare Corporation | Board Member | Current |
| Whitefence, Inc. | Board Member | Current |
| ICG Commerce, Inc. | Board of Directors | Current |
| Channel Intelligence, Inc. | Board of Directors | Current |
| Mobility Technologies | CEO | Former |
| WiseWire Technologies | CEO | Former |
| Internet Capital Group, Inc. | CEO, ICG Europe | Former |
| Reality Online | Co-Founder | Former |
| Strategic Management Group, Inc. | partner | Former |
| Verticalnet, Inc. | Chairman | Former |
| Verticalnet, Inc. | Investor | Former |
| WiseWire Technologies | Investor | Former |
| Blackboard Commerce Business | Investor | Former |
| eMerge Interactive Inc. | Investor | Former |
| Arbinet-thexchange, Inc. | Investor | Former |
| Linkshare Corporation | Investor | Former |
| StarCite, Inc. | Investor | Former |
| Investor Force Holdings Inc. | Investor | Former |
| Mobility Technologies | Investor | Former |
| Wharton School, University of Pennsylvania | B.S., Economics | Former |
| University of Pennsylvania | B.S., Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| TA Associates, Inc. | Managing Director | Current |
| TA Associates, Inc. | Principal | Current |
| Monotype Imaging, Inc. | Board of Directors | Current |
| Open Link Financial Inc. | Board of Directors | Current |
| Monotype Imaging Holdings, Inc. | Board of Directors | Current |
| Mythic Entertainment, Inc. | Board Director | Current |
| Navisys Enterprise Solutions | Board Director | Current |
| Creditex, Inc. | Board Director | Current |
| GlobeOp Financial Services, Ltd. | Board Director | Current |
| Robertson, Stephens & Company | Financial Analyst | Former |
| Lava Trading, Inc. | Investor | Former |
| Island Ecn | Investor | Former |
| Yale University | BS | Former |
Industry Transcripts by Seeking Alpha
-
Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
-
Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
-
Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
-
American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
-
MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
IndustryTop Rated
- As Income Mobility Falls, American Dream Fades 7 votes
- Creative Destruction and the new Money Trust 6 votes
- Geithner Deal With Wall Street Over AIG Swaps Cost Taxpayers $13 Billion 4 votes
- Civil Rights Group Teams With Wells Fargo Despite Charges of Predatory Lending 4 votes
- Senator Dodd Is Saving Lenders From Themselves 3 votes



