Credit-spread futures emerge from S&P-trueEX partnership

04/10/2013 | Bloomberg · Wall Street Journal, The

Standard & Poor's and trueEX Group are working together to offer futures contracts linked to credit default swaps. "Investors have longed for a transparent and standardized way to express views on credit spreads of the largest and most liquid corporate and financial debt issuers in the U.S.," trueEX CEO Sunil Hirani said. The CDS futures contracts "will provide a transparent, standardized way for the global investor community to express its view on corporate credit spreads in futures form -- something that has never been offered before."

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Bloomberg · Wall Street Journal, The

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