Top dealers plot revival of ‘Project Red’

New angles


The backers of ‘Project Red’, a credit derivatives reference entity database set up by Deutsche Bank, Goldman Sachs and JP Morgan Chase to remove some of the basis risk in credit derivatives trading, have conditionally agreed to sell the service to UK credit risk data company Mark-it Partners.

The deal, signed on January 27 at JP Morgan’s Park Avenue offices in New York, means Mark-it will enter a period of exclusive negotiations with Red’s backers to create an open, ‘for-profit’ public utility

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: