iTraxx Goes Daily In Japan

The fixing for the nascent Japanese credit derivatives index, the DJ iTraxx CJ Japan, has moved to daily from weekly in a bid to boost trading and product development.

  • 19 Nov 2004
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The fixing for the nascent Japanese credit derivatives index, the DJ iTraxx CJ Japan, has moved to daily from weekly in a bid to boost trading and product development. "Of course it was a lengthy process to decide on the structure, but this will be good for the market," said Go Yajima, senior credit derivatives structurer at BNP Paribas in Tokyo, one of the firms involved in the initiative.

Yajima said the switch to daily fixing will boost transparency and liquidity in the index of the 50 most liquid Japanese credits. Yajima thinks, "Another benefit is that this will bring about [constant-maturity] CDS, where dealers can rely on a more accurate base for fixing." While a few initial CMCDS trades have gone through the Japanese market, he expects the product to take off next year, along with options linked to the index.

The DJ iTraxx CJ Japan index will be fixed at 4 p.m. in Tokyo from data provided by market making houses including Deutsche Bank, Goldman Sachs, JPMorgan, Mizuho Securities and Morgan Stanley. Data will be calculated by Quick Corp. and released by 5:30 p.m.

  • 19 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%