Mizuho Securities is gearing up to structure tranched iTraxx Japan index products in the next few months. "Investors like the transparency of the index," said a senior credit official at the firm. He continued that Mizuho, a market-maker in the 50-name index, is readying to market tranched products following greater liquidity and interest in the iTraxx in Japan. "This will become a much bigger market," he added. The firm also structures first-to-default baskets and single-tranched synthetic collateralized debt obligations.
