Sunil Hirani

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Sunil Hirani
Occupation Co-Founder & CEO
Employer truEX

Sunil Hirani is co-founder and CEO of trueEX, an electronic platform for credit derivatives that was granted designated contract market by the CFTC in September 2012. In April 2013, its first products were announced - futures contracts based on three credit spread indices licensed from S&P Dow Jones Indices.[1]


Hirani is the co-founder and former CEO of Creditex, a credit swaps brokerage firm acquired in 2008 by the Intercontinental Exchange (ICE). [2]

Hirani became senior vice president and corporate development officer if ICE's Creditex subsidiary after the $513 million acquisition, but departed in January 2010 to pursue other opportunities. Afterward, he continued as an advisor to ICE.[3]

Hirani was instrumental in the integration of Creditex into ICE in August 2008 and in the execution of ICE's credit default swap strategies.

In early 2012, Hirani's "other opportunity" became evident, as he petitioned the Commodity Futures Trading Commission (CFTC) to approve his new venture, trueEX, as an exchange or designated contract market (DCM) for swaps. [4]

Before starting Creditex, Hirani spent five years involved with OTC derivatives at Deutsche Bank and Bankers Trust.[5] Prior to that, he worked at Lockheed as a software engineer designing, developing and implementing software and hardware systems for NASA in Houston, Texas for the space program.[6][7]


Hirani holds a bachelor of science degree in Computer Science from Washington University in St. Louis, MO and attended the J.L. Kellogg Graduate School of Management at Northwestern University.[8]


  1. S&P Dow Jones Indices Launches Credit Spread Indices Based on S&P 500; trueEX Licenses Indices to Create Credit Spread Futures Contracts. MarketWatch.
  2. CFTC Grants TrueEX Exchange Status to Offer Interest-Rate Swaps. Businessweek.
  3. Intercontinental Exchange Announces Changes in Creditex Brokerage Management Team. ICE.
  4. Derivatives Entrepreneur to Launch Swaps Exchange.
  5. Management. Creditex.
  6. Management. Creditex.
  7. Kellogg finance expertise well represented among alumni leaders in fund management. Kellogg School of Management.
  8. Management. Creditex.