What is iTraxx CEEMEA?
Also part of the iTraxx family is the iTraxx CEEMEA index, which is a tradable index, composed of 25 equally weighted corporate and quasi-sovereign entities from Central & Eastern European, Middle Eastern and African countries. Key benefits: Trading efficiency– Trade large sizes quickly and confirm all trades electronically
What is iTraxx SOVX?
iTraxx SovX Indices. iTraxx SovX indices are a family of sovereign CDS indices covering global markets. The iTraxx SovX index family comprises the following indices: The indices have 5-year and 10-year maturities and the underlying currency is USD.
How are the European iTraxx indices determined?
The European iTraxx indices trade 3, 5, 7 and 10-year maturities, and a new series is determined on the basis of liquidity every six months. The benchmark iTraxx Europe index comprises 125 equally-weighted European names.
What is the role of iTraxx in trading?
Role of iTraxx in the Market. iTraxx and other credit derivative indices ultimately help increase the tradability of credit default swaps. They do this by increasing the transparency of the market and standardizing transactions, two factors that have driven up the liquidity and operational efficiency of the market as a whole.
What happened to iTraxx and IIc?
In November of 2007, Markit Group (now IHS Markit), a financial services and information firm, acquired IIC and CDS IndexCo which played the same function as iTraxx for North American and emerging markets. IHS Markit has continued the six-month indices roll for all the credit derivative indices it acquired.
What are iTraxx indices?
iTraxx indices are a family of European, Asian and emerging market tradable credit default swap indices. The rules-based iTraxx indices comprise the most liquid names in the European, Asian, Middle Eastern and African markets. The selection methodology ensures that the indices are replicable and represent the most liquid, traded part of the market.
What is’iTraxx’?
What is ‘iTraxx’. The credit derivatives market that iTraxx provides allows parties to transfer the risk and return of underlying assets from one party to another without actually transferring the assets. iTraxx indices cover credit derivatives markets in Europe, Japan, non-Japan Asia and Australia.