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. Hirani
Number of Employees 74
Contact Information

875 Third Ave Fl 29

New York, New York 10022

www.creditex.co...

1 212 323 8500

NAICS Code Investment Advice: 523930

News & Analysis

creditex inc. - All News and Analysis

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