Dow Jones takes over Trac-x, but iBoxx launch splits market

lisa-80-jpg
Morgan Stanley and JP Morgan Chase have handed over the management of Trac-x, their credit derivatives index product, to Dow Jones.

The announcement of the transfer coincided with the launch of a rival product, iBoxx CDX.NA.IG, by a consortium of 11 other dealers, and followed several weeks of disquiet among other dealers and end-users at the way the two Trac-x joint-venture partners have handled licensing and index reconstitution. Members of both Morgan Stanley and JP Morgan Chase’s credit

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here