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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Infrastructure
Regulation
‘Holes’ in new UK regulatory net worry trading venues
Regulated venues say rival firms might unfairly escape oversight in activities such as blocking trades and price aggregation
Receive this by email