April 2006

Electronic trading: MarketAxess plans new EM service

Online trading platform MarketAxess plans to launch a client to multi-dealer emerging markets CDS index trading system in the second quarter. The system will be the first of its kind and Latin America-related business is likely to be prominent.


Emerging markets credit derivatives are attracting tremendous interest, according to Dennis Rodrigues, emerging markets product manager at MarketAxess. “The latest market intelligence we have is that emerging markets CDS index and single-name CDS trading volumes are at about the same level as cash,” he says.

Daily emerging markets trading volumes in the cash market are between $3...


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