Markit and MarketAxess team up

MarketAxess will use Red data to facilitate the execution of transactions of the standard iTraxx and DJ CDX contracts and will provide straight-through-processing via the Depositary Trust and Clearing Corporation (DTCC), which should reduce operational risk.

Red holds a list of standard reference entities and reference obligations agreed by market participants, which has helped to ease liquidity in the single-name credit default swap market. It has also developed a way to identify the main iTraxx and Dow Jones CDX credit indexes, which have driven growth in the tranche market since their launch in June 2004.

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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