Panelists were spying a volume jolt from the first roll of the asset-backed securities index ABX in July. "The second coming of the ABX in July will lead to greater liquidity," saidNunzio Masone, senior managing director at Aladdin Capital Management in Stamford, Conn., noting this will add greater depth to synthetic ABS. "We expect to see a deeper index in the second roll." Richard Schetman, partner in the capital markets group at Cadwalader, Wickersham & Taft in New York, added, "The development of the ABX and CMBX have contributed to greater liquidity, trading, arbitrage and growth."
ABX Roll To Add Depth To Synth ABS
