Liffe has secured a licensing deal with Markit, the financial information services company.
NYSE Euronext’s derivatives segment will now offer a clearing service for CDS contracts based on the Markit iTraxx indices.
Liffe announced in September it would launch a CDS clearing service through its OTC clearing service Bclear, likely in the first quarter of 2009.
Garry Jones, executive director of business development and strategy at Liffe, hailed...