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$1bn OF LEHMAN DEBT TRADED ON ILLIQUIDX PLATFORM OVER THE PAST 18 MONTHS

IlliquidX, the London based Platform for illiquid securities, which enables sellers and buyers to price and trade illiquid distressed debt and credit securities and assets, reports trading volume of over $1bn of Lehman creditor claims since the beginning of 2010 in more than 120 separate transactions. This confirms the position of IlliquidX as a leading independent player in this asset class in Europe, with an established and growing franchise. In 2011 alone, IlliquidX achieved a 1.3%+ global market share in Lehman claims trading, based on $9bn traded globally, representing circa 3,000 claims, between January and April 2011.

Bankruptcy claims-trading enables creditors with claims against bankrupt companies to sell their interests to investors before the conclusion of a bankruptcy case. While this is a mature...

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