Credit options expiry hangs in balance ahead of Greek reforms vote

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Credit options expiry hangs in balance ahead of Greek reforms vote

Tsipras 230x150
This photo taken on Saturday, Jan. 3, 2015 shows Greece's main opposition Syriza party leader Alexis Tsipras, speaks at his party's Congress in Athens. Greece goes to the polls on Sunday, Jan. 25, 2015 in a snap general election as the country was showing tentative signs of emerging from a deep financial crisis that has disturbed the eurozone. The vote, held more than a year early, has once more raised the specter of Grexit _ a Greek exit from Europe’s joint currency. (AP Photo/Petros Giannakouris) | Petros Giannakouris/AP

The timing and political fallout of a Greek parliamentary vote on reforms could prove crucial for iTraxx credit index options on Wednesday, with the July expiry due to take place at 4pm.

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