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IDX Press Release:

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11.24.2008		IDX Welcomes New Hires to Trading Operation NEW YORK -- IDX Capital, an electronic interdealer broker of credit derivatives, welcomes two new hires to its New York City office - Brady Halper - who will be running the firm's trading operations, and Ryan Olsen, assigned to its investment grade & high yield credit derivatives desk. "We are delighted to be welcoming Brady Halper back to IDX Capital in a senior leadership position," says Jamie Cawley, CEO of IDX. Halper had worked at the firm in 2006, and most recently ran MF Global's New York CDS brokerage operations. He has also held leadership positions with Cantor-Fitzgerald in emerging markets credit trading and helped build out Asian fixed income brokerage operations for GFI and ICAP. "IDX is in a period of rapid growth, and Brady's experience in the market and existing relationship with us will be instrumental to our success," notes Cawley. "The CDS space is in a period of dynamic transformation, and I am excited to be returning to IDX and contributing to the business during this crucial time," commented Halper. The firm also welcomes Ryan Olsen to the trading desk. Olsen previously traded single-name CDS, structured credit and index derivatives at both ICAP and GFI. He began his career at Standard and Poors, focusing on primary research for buyside clients. Olsen graduated from Williams College with a BA in Psychology and was a four-year varsity soccer player, with All New England, NESCAC and NSCAA All-American honors. Launched in 2005, IDX Capital, LLC is an interdealer broker of credit default swaps matching wholesale market buyers and sellers for a fee. IDX Capital has been a long time market pioneer of electronic trading initiatives in the credit default swaps space. The firm is growing and profitable.