news, comment, analysis and data on the global business of credit trading and investing
Trading
TriOptima says has eliminated $5.5 trillion in CDS this year
Wednesday, April 8, 2009
Trioptima has announced that it has eliminated $5.5 trillion in notional credit default swaps in the first three months of 2009 through its triReduce trade compression service. The company says it has carried out 12 compression cycles for US and European indices, tranches, ABX and emerging markets credit default swaps this year. It says it offered 50 cycles in 2008.
<< END >>
Related stories
- Dealers rake in correlation trading profits after high yield blow... less than 1 hour ago
- Mountain of cash drives up recent peripheral corporate bonds 1 hour ago
- CDS tears ups rise to $5.6 trillion notional, TriOptima says 23 days ago
- Dealer short positions could push up recoveries on defaulted... 2 months ago
- Street overhang drives spreads of a European insurer to new highs 5 months ago
Funds
Structured
- CLO investors flock to the secondary market on action-packed day less than 1 hour ago
Issuers
CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
