WELCOME TO CMDX

CMDX is an open-architecture electronic trading and migration platform for credit default swaps (CDS) open to all qualified commercial market participants. Trades executed, booked or migrated through CMDX are processed directly to CME Clearing.

The CMDX platform has an open architecture, enabling market participants to execute or book CDS trades through any of the following venues:
  • Party-to-party negotiated
  • IDB-brokered (voice and electronic)
  • CMDX Request-For-Quote (RFQ) platform
  • Other electronic matching venues