One Year Ago In Derivatives Week

A dealer working group met with Markit officials, asking them to revive plans for a synthetic index of prime residential mortgage-backed securities, then dubbed ABX.Prime (DW, 8/10). The plans had been shelved since December 2008. [Markit announced in December that it would launch the index in the first quarter of 2010 (DW, 12/9), but didn't officially launch it until April 28, under the name Markit PrimeX.]