Credit derivatives disappoint
Chicago's exchanges have suffered a setback in their attempts to bring credit derivatives on to the trading floor. The Chicago Board Options Exchange (CBOE), Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) all listed credit derivatives contracts in June, although none had registered a single trade by the time Risk went to press. It follows similar disappointment for the first exchange-traded contracts, which were listed by Frankfurt-based derivatives exchange Eurex in March.
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