Eurex announced plans to launch a new credit default swaps
index contract in the first quarter next year, a move that
could make it the first exchange to offer such a product.
The news came on 8 September during Swiss Futures and
Options Association's Bürgenstock conference when Brendan
Bradley, Eurex global head of product strategy, said that the
product development was nearing completion. Eurex has been
working on a credit default swap futures index for
two-and-a-half years, he said, but creating a tradable futures
product has been difficult to establish.
FO Week has learned that Eurex officials also met
with senior executives at International Index Company (IIC)
last week, one source familiar with the discussions said that
no issues were raised that would slow down Eurex's
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