Four more join iBoxx as CDS index market-makers in the US

The additions – Bank of America, KBC Financial Products, BNP Paribas and Bank One – officially joined yesterday, although they are thought to have been making markets for a few months already.

The iBoxx CDX index was set up in October last year by 11 member banks: ABN Amro, Barclays Capital, Bear Stearns, Citigroup, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, Lehman Brothers, Merrill Lynch and UBS. It is administered by iBoxx, a credit index provider based in Frankfurt.

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