Credit futures launch race hots up with IBoxx entry

The race to launch the world's first credit futures contract is hotting up with the announcement last week that iBoxx Indices is developing a credit futures contracts with Deutsche Bank, ABN Amro and Citigroup.

Earlier this month, Dow Jones Indexes told FO Week it was in close discussion with a number of leading exchanges around the globe about launching listed derivatives on its own credit derivatives index products, TRAC-X. A...