Coming Attractions: Exchange-traded CDS Indexes

Friedlander, Josh
February 2005
Investment Dealers' Digest;2/28/2005, Vol. 71 Issue 8, p8
Trade Publication
The article focuses on the futures markets for credit derivatives indexes. According to Deutsche Bank, J.P. Morgan and Morgan Stanley, major futures markets are pushing for the move and the leading players in the market are expected to benefit from the increases in volume and liquidity that would result from increased transparency and a central clearing process. But transparency could increase competition and thereby degrade brokers' profit margins, creating opposition especially among the lesser players unlikely to bask in the glow of increased business.


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