Markit announces LevX Series 2 success

The Markit iTraxx LevX Series 2 index traded more than EUR2.8 billion on its first day of trading. These estimated volumes were based on a desk-by-desk survey of market makers conducted by Markit on March 17.

The new LevX Series 2 indices offer key changes from Series 1 and have had a bigger impact than the original LevX indices on loan-market trading flows, according to Research published by Barclays Capital.

Tobias Sproehnle, director at Markit, says that "the volume of trade is in line with our

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