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13 February 2012

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Boston's DebtX establishes Madrid office to foster Spanish loan trading

Boston-based loan trading internet marketplace DebtX is opening an office in Madrid to exploit a growing demand from Spanish banks for a greater variety of options in real estate loans and property asset foreclosures (REO) amid the harsh recession. DebtX has been working with financial institutions in Spain for two years. It appointed Antonio Anglada, former CEO of General Electric's mortgage division, to head the new office.

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