Standard & Poor’s intention to launch its own family of credit default swap indices has been met with some scepticism from the market about the likely success of the new product.
The announcement comes just weeks after Markit Group, which is owned by a consortium of 16 banks, snapped up CDS IndexCo and the International Index Company, thus consolidating most of the best-known and widely used CDS index products in one company and, ultimately, under one brand name.
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