As Credit Derivatives Grow, T-Zero® Expands
Global Custodian.com - October 31, 2007

T-Zero®, credit derivative affirmation and connectivity provider, continuesto benefit from the growth of credit derivatives in the market. To continue this expansion, the company recently appointed Clive de Ruig to the newly created position of head of North America. "Clive has played an instrumental role building T-Zero®'s client base among major institutions, and he is particularly well suited to help our firm attain the next level of growth," says Mark Beeston, T-Zero® president. "T-Zero® is continually being sought out as a way to reduce and eliminate operational and settlement risks in an industry that has been growing at a very fast pace."

Beeston says the recent market volumes and volatility has again highlighted the need for automation and system-to-system connectivity to ensure continued growth in the credit derivatives market. He is optimistic about the derivatives industry, saying that while the credit crunch tested the operational models, it was more manageable than it would have been two years ago. T-Zero® has been on-boarding new clients to the platform at a healthy clip this year and expects this pace to continue in 2008 as clients and banks increasingly leverage the platform's connectivity and novation functionality.

 

< Back to News