Eurex beat rival exchanges to market with the first exchange-traded credit futures contract in March. Based on the iTraxx Europe five-year Investment Grade, High Volatility and Crossover indices, each six-month EUR100,000 contract has a fixed coupon and semiannual maturity dates in May and September.
The contract has been a long time in the making. First scheduled for launch in 2005, Eurex's offering has been beset by delays as market participants argued over the structure of the contract. Th
The week on Risk.net, July 7-13, 2018Receive this by email