Accidental heroes

Property derivatives can only extend into new markets as fast as the indexes on which they are based. And the evolutionary approach at IPD, the UK-based information provider at the heart of the market, suggests the process will take time - no matter how desirable it might be.

Although IPD's profile has risen quickly in the derivatives market, the company is familiar with a more measured pace of progress. In fact, IPD first published indexes only as an offshoot of its long-standing work providing

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