Alliance Expands Online Debt Exchange

September 25, 2001( - Pension funds, banks and insurance companies have a new online alternative to locate buyers and sellers of secondary debt offerings.

DebtX, a full service loan advisor, has teamed up with FinancialOxygen to expand its marketplace.

The alliance aggregates DebtX’s 850 accredited institutions and FinancialOxygen’s 300 independent financial institutions at the latter’s capital markets trading hub, BankOxygen, which executes $3 billion in daily volume.

The partnership has created more liquidity on DebtX’s exchange, which is now the largest online trading hub for the middle market

And BankOxygen’s independent financial institutions now have greater access to secondary market debt, as well as an opportunity to dispose of assets more efficiently.

By leveraging DebtX, independent financial institutions will now be able to review and purchase assets in their own area that may not have been available to them previously.