Trading freeze hits ABS index launch

Problems in the European asset-backed securities market have caused Markit Group to delay the launch of its new European residential mortgage-backed index indefinitely.

Markit says it is working with a group of dealers on documentation for the European index, but that feedback from market participants was unequivocally in favour of dropping the launch given the current volatility.

The index – the ERMBX.UK – is designed to reference synthetic UK prime mortgage-backed securities. Though the UK mor

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: