Trading initiative of the year CREDITEX/MARKIT'S CREDIT EVENT FIXINGS

Risk Awards 2006

While the growth of the credit derivatives market in 2005 has at times appeared to push the technical infrastructure supporting the industry to bursting point, the joint Creditex/Markit tradeable credit fixings initiative launched on March 21 represents a watershed in the development of the credit market.

Since then, fixings on the three most liquid European iTraxx credit indexes – the five-year Europe, HiVol and Crossover – have taken place every Friday, employing a methodology that some ha