Dealers complete first tradeable tranche fixing

Sixteen credit derivatives dealers participated in the first electronic tradeable tranche fixing on January 31. The process, administered by Creditex and Markit, enables participants to mark their positions to market, providing a benchmark reference and settlement rate on iTraxx tranches.iTraxx tranches allow investors to trade correlation by referencing specific points in the capital structure of the underlying iTraxx index portfolio.The tradeable tranche fixings will take place on the last

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