ABN Amro, the Dutch banking group, has launched an auto-execution trading platform for the credit default swaps (CDS) market. The system will be available through Bloomberg terminals.
Clients of ABN Amro will be able to trade European CDSs as well as the European Dow Jones iTraxx indexes. Currently, there are more than 150 CDS names available, but Kai Seeger, global head of CDS trading at ABN Amro, expects this to grow quickly.
“The market is always looking fo