Singapore banking giant DBS is preparing to launch credit-default swap option trading on Asian names due to growing interest. "We're getting set up," said a credit official at the firm, noting that systems are being put in place. He continued that with the growing liquidity and client demand for the products, DBS plans to appoint a dedicated trader for the effort in the coming weeks.
DBS was a first-mover among regional houses for the credit derivatives market and has also become active in the collateralized debt obligation space in the last few years.
