IBoxx, Trac-X make peace and form single CDS index
IBoxx and Trac-X, the two rival providers of credit default swap indices, are to merge, ending the acrimonious battle of words they have waged for the last six months and opening the way to a more liquid and dynamic credit derivatives market.
The announcements on Wednesday and Thursday were greeted with delight by credit default swap dealers and brokers in London and New York.
?I think it?s brilliant. It will concentrate liquidity and stop all the infighting with people saying ?My product is better than yours,?? said
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