Will the marriage ever happen?

iboxx and trac-x


As merger negotiations between the investment banks behind iBoxx CDX and Dow Jones Trac-x drag on, investors remain hopeful that recent meetings will bring the idea of a single credit default swap index closer to realization. Yet despite reports of an imminent merger, investors in the credit derivatives market may have to remain patient a little longer as the competing camps work through the technical aspects of the often-heated negotiations.

During a mid-March meeting in New York between the 1