Liffe CDS - John O'Neill

Q&A

Q: Last year in Europe we saw Eurex try to launch a credit futures contract, within a central order book - a market where people quote bids and offers on screen and prices are matched - the conventional exchange way of doing things. How does Liffe's approach differ?A: Early last year, when we were doing our initial consultation with the market, we got two key pieces of feedback. The first was that the market wanted to continue to trade CDS contracts and wasn't willing to fundamentally change