Isda announces support for S&P credit index suite

Isda has announced that it is putting its weight behind Standard & Poor’s tradable credit derivative indices. It says the S&P credit default swap incides will now be co-branded as the S&P/Isda CDS Indices. The product is similar to the iTraxx and CDX family of indices which are administered by Markit Group, but include tradable baskets for sectors such as homebuilders, consumer staples and energy. Although S&P’s credit indices have been in existence for several years, they have not so far attracted significant trading volumes.