New Asian derivatives index launched

Chinese banks increasingly big players in rapidly developing market.

In a sign that the credit derivatives market in Asia is further hotting up, Barclays Capital has announced the launch of the iTraxx Asia ex-Japan CDS Credit Default Swap indices. Barclays did not design the index, but will act as market maker.

The index will be administered by the International Index Company. In Asia, the iTraxx will replace the previous Trac-X Asia and provide thee additional sub-indices for Korea, Great China and other Asia Credit Derivative...

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