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Article: CDS IndexCo and Markit Launch Synthetic CMBS Index; CMBX, a Commercial Mortgage-Backed Credit Derivative Index, Gives Investors Exposure to U.S. Commercial Mortgages.
- Article from:
- Business Wire
- Article date:
- March 6, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- CDS IndexCo LLC ("CDS IndexCo"), a consortium of 16 investment banks licensed as market makers in the ABX and Dow Jones CDX indexes, and Markit Group Limited ("Markit"), the leading industry source of independent mark-to-market pricing and valuations, announced today the launch of CMBX, a synthetic index of U.S. commercial mortgage-backed securities (CMBS).
The following institutions are market-makers in the index: Bank of America; Bear Stearns; Citigroup; Credit Suisse; Deutsche Bank; Goldman Sachs; JPMorgan; Lehman Brothers; Merrill Lynch; Morgan Stanley; Nomura International; RBS Greenwich Capital; UBS; and Wachovia. Trading will start on March 7, ...