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February 03, 2012 at 21:21
–Standardization, clearing could pave the way for CDX futures –Dealer talks stalled, but some say futures are inevitable for CDS –Others say dealers are delaying to keep status quo, profits (Adds size of CDS market as of last count, per BIS figures, in final paragraph.) Efforts to create an exchange-traded futures contract tied to credit-default swaps haven’t yet gained traction after 18 months of talks, but banks dealing in the private multitrillion-dollar market for credit derivatives believe such contracts will eventually appear for a simple reason: They should attract new players.
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