Autos and telecoms dominate CDS trading again

Automakers in the US and telecoms in Europe were the busiest sectors of the credit default swap market in October, according to a report from the US interdealer broker GFI.

In the US, the motor industry was the most active for another month, led by Ford and General Motors. Fort Worth-based Radio Shack and Harrah’s, the Nevada casino operating company, were both newcomers to the US list, with Harrah’s also the most actively traded single name.

In Europe, fixed-line telecom dominated GFI’s list a