Credit futures on the way

An exchange traded credit derivatives product could be listed by next summer, following the huge interest exchanges have shown in the TRAC-X index now managed by Dow Jones Indexes.

Leading exchanges from around the globe have been in discussion with the index provider since the announcement of its intention to manage TRAC-X a month ago. According to Lars Hamich, executive director of global business development at Dow Jones Indexes, exchanges from all three major time zones approached Dow Jones to investigate the requirements for listing...