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Article: Markit Looks to Increase ABX Liquidity with Sub-Index.
- Article from:
- Asset Securitization Report
- Article date:
- May 12, 2008
- Author:
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As the market looks for alternative investment opportunities and new ways to hedge risk, global index operator Markit has taken note.
The company has launched a slew of new products recently, including the MCDX, a muni bond CDS index, which started trading last week. However, not all these products are being received with open arms.
An index referencing auto loan securities was squashed by investors before it got off the ground, sources said. And Markit's latest product, a penultimate AAA' sub-index, has some investors feeling apathetic.
Starting May 14, 2008, a penultimate AAA' sub-index will be added to existing and future ABX.HE indices, ...