Chicago Board Options Exchange (CBOE) aims to enter the
credit derivatives space with plans to list credit default
swaps options during this quarter.
The new options, which are awaiting regulatory approval,
will begin with five to ten individual companies but plans are
to add credit default basket options as well, the exchange said
at Futures Industry Association's annual conference at Boca
CBOE joins a growing number of exchanges that have jumped
into the $26-trillion a year credit derivatives space in recent
months. Others include both Eurex and Chicago Mercantile
Exchange (CME), while Euronext Liffe said in the same week that
it too hoped that its own B-Clear platform would host similar
contracts in the US by the end of the year (see story, p1).
CBOE's options will be offered on its hybrid trading
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.