NYSE Liffe shuts down CDS clearing service

Derivatives exchange NYSE Liffe and London-based clearing house LCH.Clearnet have shelved their central clearing service for credit default swap, having processed no trades since it was launched in December last year. The exchange officially suspended the CDS contracts offered for clearing (series 8, 9 and 10 of the Markit iTraxx Europe Investment Grade, Crossover and Hi-Vol CDS indexes) on July 29 following a month-long review of the service. An official at the exchange said Liffe would

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