Liffe awaits CDS clearing trade

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Despite being the only firm to launch a centralised clearing platform for credit default swap (CDS) index trades, London-based derivatives exchange NYSE Liffe, part of NYSE Euronext, has yet to clear any trades - a situation it blames on the uncertain regulatory landscape in Europe.

Liffe launched the service via its BClear facility, in partnership with London-based LCH.Clearnet, on December 22, covering series 8, 9 and 10 of the Markit iTraxx Europe, Crossover and Hi-Vol indexes. But Ade Cordel

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