Home > News > Market Infrastructure > Singapore Exchange Joins Forces With Dow Jones To List And Trade Credit Derivatives
Market Infrastructure

Singapore Exchange Joins Forces With Dow Jones To List And Trade Credit Derivatives

Singapore Exchange Limited (SGX) and Dow Jones Indexes have signed a Memorandum of Understanding to pioneer the development of exchange traded credit derivatives contracts based on the Dow Jones TRAC X indexes. Credit derivatives which enable banks to transfer credit

By None

Singapore Exchange Limited (SGX) and Dow Jones Indexes have signed a Memorandum of Understanding to pioneer the development of exchange traded credit derivatives contracts based on the Dow Jones TRAC-X indexes.

Credit derivatives – which enable banks to transfer credit risk from one party to another – are currently traded OTC. SGX reckons growing institutional interest in credit derivatives means there is room to create a 24/7 global network for trading them which will replicate the success of the Mutual Offset System link with the Chicago Mercantile Exchange.

«