Another dealer joins CJ 50 Index

Aozora Bank follows Bear Stearns and Japan’s UFJ Bank, which began contributing credit default swap prices in mid-August and late July respectively. The other dealers are BNP Paribas, Bank of Tokyo-Mitsubishi, Crédit Lyonnais, Goldman Sachs and UBS.

The CJ 50 Index began trading in late July, and now has an average daily trading volume of between ¥3-4 billion ($25.8 million-$34.4 million), according to BNP Paribas.

The index has tightened sharply over the year, reaching 35.31 on September 3, compared with 42.92 at the end of May and 68.77 at the start of the year.

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