Markit today announced that, following extensive discussions with major market participants, plans to launch a synthetic U.S. prime mortgage-backed securities index have been put on hold.
The potential benefits of the proposed index will be re-assessed in 2009. Markit owns the credit derivative indices Markit ABX, Markit CDX, Markit CMBX, Markit iTraxx, Markit iTraxx LevX, Markit LCDX and Markit MCDX.
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