Will the marriage ever happen?

After a lengthy engagement, the two parties behind rival credit default swap indices, iBoxx and Trac-x, are close to walking down the aisle together. But talks regarding a North America merger are mired in complications, as John Caserta reports

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