Dow Jones unveils Trac-x Europe high-yield index

Trac-x was launched in April this year, with 38 indexes now available in this family. Dow Jones says $150 billion has been traded in Trac-x indexes to date.

US investment banks JP Morgan Chase and Morgan Stanley originally designed Trac-x. But, bowing to pressure from the market to hand over control of the indexes to a third party, the banks announced they had finalised terms to hand over development, marketing and sales control to Dow Jones last week.

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