Views on risks and accounting treatment of arbitrage repack differ across the Street
Revival of credit derivatives arbitrage strategy targeted at insurers and private banks
Liquidity providers new and old want to build on Bloomberg Clob activity
Up to 10 new names from under-represented sectors could be added to high-yield CDX index
Credit investors see "no need" for contract; Ice hopes other players will see appeal
Launched with a fanfare earlier this year, trading in Ice’s new credit index future has since stalled. Critics say it is dead, but its backers argue it is too soon to write the contract off. Peter Madigan reports
Over $600 billion in index CDS volume switches to new venue where dealers guarantee liquidity to each other
Best in the Nordic region
It’s the untold story of JP Morgan’s credit trading losses – how traders were able to reduce risk-weighted assets while loading up on risk, and the part played by Basel 2.5. Michael Watt reports
Turning borders into barriers
Dealers worry about the impact on liquidity unless single-name and index trades can be margined together
Loss-making unit's RWAs would have tripled under Basel III, JP Morgan chief executive says - but attempting to cut capital burden made its hedges more complex
S&P Indices launches equally weighted proxies that measure the quality of US and European banks in conjunction with Isda, the trade body for the global OTC derivatives industry
Market jitters and lower bid/offer spreads promote growth in credit swaptions
Credit managers are expanding strategies playing on changes in correlation and relative value, which were calamitous for the hedging strategies of some dealers and investors during July and August.
CDS IndexCo, a consortium of banks, and London-based data provider Markit have launched tranches on the LCDX North America index of loan credit default swaps (LCDSs).
The International Swaps and Derivatives Association has published a protocol to roll old US loan credit default swap (LCDS) trades to the new industry standard, which was adopted in May.
The LCDX index of North American loan credit default swaps (LCDS) saw trades totalling over $11 billion notional during its debut on May 22, according to London-based data provider Markit.
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
CDS IndexCo and Markit Group have teamed up to launch ABX.HE, a synthetic asset-backed securities (ABS) index of US home equity ABSs. The index will formally debut January 18.
Dow Jones Indexes, Markit and CDS IndexCo, a consortium of 16 investment banks, have signed agreements to govern the licensing, marketing and calculation of the Dow Jones CDX indexes.
Credit default swaps (CDS) indexes Dow Jones Trac-x and iBoxx are set to merge their North America and emerging markets indexes, the parties involved said late yesterday. The new indexes are to be called Dow Jones CDX Indices.
The Chicago Board of Trade (CBOT) confirmed it is in talks with Dow Jones Indexes to list futures contracts on the Trac-x family of credit default swaps (CDS) indexes.