Finance and banking dominate April US CDS trading
The banking and financial services sectors dominated trading volumes of credit default swaps (CDS) in the US in April, according to GFI, a New York-based interdealer broker. The most actively traded names were Washington Mutual, Lehman Brothers and Merill Lynch.
The Asian region was dominated by the financial services and banking services sectors, with Japanese companies being the most traded. Russia and Turkey remained the most traded among the sovereigns, with Kazakhstan coming in third, having replaced Brazil.
See also: Countrywide Home Loans dominates December US CDS trading
Credit crisis drives trading in financial CDS
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