After three months, Ice CDS index future has less than 70 open contracts


The first three months of Ice’s credit index futures have been about education, according to backers of the product. It is not a copy of the over-the-counter index credit default swap (CDS), they point out, so the market needs to get used to its pros and cons. So far, though, the cons seem to be winning. As of September 20, open interest in the product, which started trading on June 17, stood at 68 contracts – down from a modest peak of 226 reached three days after its launch. Between August 2

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