Exchanges look to futures
The agreement between the Singapore Exchange and Dow Jones Indexes to list Trac-x futures marks the next stage of development for the credit derivatives market, and more exchanges are planning to follow Singapore’s lead. Mia Trinephi reports
Just a year after they first appeared in the region, credit default swap (CDS) indexes look set to make the jump from over-the-counter products to the exchange-traded market. The Singapore Exchange (SGX) has already made a start, with Trac-x futures contracts planned for listing in the second half of the year. At the same time, a handful of exchanges across Asia, Europe and the US may follow suit and are currently in negotiations with index providers.
It could mark an important phase of
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