Chicago Board Options Exchange (CBOE) aims to enter the credit derivatives space with plans to list credit default swaps options during this quarter.
The new options, which are awaiting regulatory approval, will begin with five to ten individual companies but plans are to add credit default basket options as well, the exchange said at Futures Industry Association's annual conference at Boca Raton, Florida.
CBOE joins a growing number of exchanges that have jumped into the $26-trillion a year credit derivatives space in recent months....