Interesting news flying around the exchanges today. On the day that the US exchanges announced the launch of groovy new credit contracts (CBOT is launching a credit future and the CME a Credit index Event contract) Eurex delivered some sobering news for the contracts that it launched to much fanfare at the beginning of the year. Of the three new contracts (all credit index futures) one has failed to attract a single trade and for all three put together volumes are currently at a paltry 14 a day. Looks like the OTC markets do not have much to worry about for the time being...