One Year Ago In Derivatives Week
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Derivatives

One Year Ago In Derivatives Week

Traders criticized a plan introduced by Liffe, the international derivatives business of NYSE Euronext, to clear credit default swaps referencing iTraxx European indices. [The service, launched last December, failed to clear a single swap by July 1, lacking dealer support, leading Liffe to announce last week that the project was under review. "I don't actually think we'll have a lot of success in CDS, to be honest," NYSE ceo Duncan Niederauer reportedly said June 5. In contrast, ICE Trust has cleared more than USD1 trillion of CDS since its March launch, the company announced June 15.]

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