SOURCE: Radar Logic, Inc.

June 11, 2008 08:36 ET

RPX™ Trading Volume Exceeds One Billion Dollars

NEW YORK, NY--(Marketwire - June 11, 2008) - Since the inception of trading on September 17, 2007, volume in the Residential Property Index™ (RPX) market has passed the one billion dollar threshold, according to Radar Logic Incorporated, the data and analytics company upon whose Daily Prices the index is based. The company reports that flows represent positive two-way activity, and participation includes a variety of end users.

According to Michael Feder, President and CEO of Radar Logic, "In light of what has been happening on Wall Street and the housing market over the past 6 months, we view this level of activity as very encouraging. With all the obvious distractions facing traders and their customers, having reached this milestone so quickly is evidence of RPX's relevance to and interest in the capital markets. Activity in both swaps and forwards continues to grow among both traders and end users."

Radar Logic, a real estate data and analytics company, calculates and publishes the Radar Logic Daily™ Prices. The prices track housing values for major U.S. metropolitan areas and are the basis of the Residential Property Index™ (RPX™), a market that enables real estate to be traded as a liquid asset, via property derivatives marketed by major financial institutions. RPX allows real estate and financial professionals to manage opportunity and risk, invest in real estate values without owning physical assets and effectively analyze markets using a consistent metric: price per square foot.

For more information on Radar Logic and the RPX, including licensed dealers, please visit www.radarlogic.com.

Contact Information

  • Media Contacts
    Bettina Klinger
    Radar Logic Incorporated
    (212) 965-0300
    Email Contact

    Nancy Tamosaitis
    Vorticom, Inc.
    (212) 532-2208
    Email Contact