Amsterdam, Brussels, Lisbon, London, New York, Paris, Monday 7 July 2008 – Liffe announced today that the Exchange is planning to launch Credit Default Swap (CDS) contracts on Bclear in Q4 2008.

Liffe CDS contracts will be based on the Markit iTraxx European indices.

The move marks a significant expansion of Liffe’s award winning Bclear service from equity derivatives into a new asset class.

Liffe CDS contracts on Bclear will combine the security of central counterparty clearing with the flexibility that OTC market participants demand. Pre-negotiated trades that are agreed off exchange will be booked into a proven OTC clearing solution, addressing the operational and systemic risk concerns that are at the forefront of discussions between regulators and industry bodies.

Garry Jones, Executive Director of Business Development and Strategy at Liffe, commented: “We are pleased to announce the launch of CDS contracts on Bclear. Liffe is the first exchange ...   more »

  Markit Updates

by Sean Sprackling on Wed 09 Jul 2008 08:11 BST

Apols to all for my tardiness. I actually received this a week ago, but have been in Greece at the wedding of an old friend so have not had the chance to post it, but there are some interesting points (especially the new names - MarkitWire - and the announcement of PortRec, their new recs service which is to the best of my knowledge the first real competitor to TriOptima's TriResolve service) so I am including the full newsletter below:

Markit and SwapsWire Offering Great Solutions Together

 

Markit announced on May 27th that the acquisition of SwapsWire is complete. The combination of the Markit and SwapsWire trade processing platforms gives us critical mass and a global network at a time of increased consolidation in the vendor market. As the industry focuses on cost reduction and improved risk management, the efficiency and scalability of the new Markit platform will become even ...   more »

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