Trading Services.

• Position: Technology Tools - GFInet introduces Credit Default Swap Mark-To-Market - Brief Article

GFInet, a leading creator of independent online markets, has brought out its Credit Default Swap Mark-To-Market (MTM) service, making GFI's actual market price data available to the "mid-office" -- a layer between the trader and the back-end settlement systems -- for the first time. The prices are provided directly from GFI's global credit derivatives brokerage desks and represent the actual levels at which market participants are willing to trade.

"The service has been in beta testing with 12 top dealers for several months," said Jeffrey Tober, head of credit derivatives at New York-based GFInet. "To date, default swap price information has been difficult to obtain, especially for product controllers and risk managers. Our goal is to bring greater transparency to the market." GFI plans to...