Markit Announces Launch of Markit iTraxx Europe Indices
London – Markit today announced that the Markit iTraxx Europe indices will roll into their ninth series on 20 March 2008. Markit is the owner of the Markit iTraxx indices, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets.
Markit iTraxx Europe, a family of synthetic indices referencing the most liquid names in the European credit derivative markets, is comprised of the following indices:
• Markit iTraxx Europe Main
• Markit iTraxx Europe Crossover
• Markit iTraxx HiVol
• Markit iTraxx Europe Non-Financials
• Markit iTraxx Europe Senior Financials, and
• Markit iTraxx Europe Sub Financials.
Changes to index composition
Based on liquidity polls, the following changes have been made to the Markit iTraxx Europe family of indices:
• Ten constituents were replaced in the Markit iTraxx Europe Main index.
• Six constituents were replaced in the Markit iTraxx Europe Crossover index.
• Eleven constituents were replaced in the Markit iTraxx Europe HiVol index.
Detailed constituent lists are published on www.markit.com and www.indexco.com.
Additional market makers
NORD/LB has become a newly licensed market maker, bringing the total number of market makers for the European iTraxx indices to 36 leading financial institutions.
- Ends -
For further information, please contact:
Teresa Chick
Managing Director, Corporate Communications
Markit
Email: teresa.chick@markit.com
Telephone: +44-20-7260-2094
Caroline Lumley
Vice President, Corporate Communications
Markit
Email: caroline.lumley@markit.com
Telephone: +44-20-7260-2047
Note to Editors:
The investment banks licensed to trade the European iTraxx indices include:
ABN AMRO, Bank of America, Bank of Montreal, Barclays Capital, Bayerische Landesbank, BBVA, Bear Stearns, BNP Paribas, CALYON, Citi, Commerzbank, Credit Suisse, Deutsche Bank, Dresdner Kleinwort, DZ Bank, Goldman Sachs, Helaba Landesbank Hessen-Thüringen, HSBC, HSH Nordbank, HypoVereinsbank, ING, IXIS, JPMorgan, Landesbank Baden-Württemberg, Lehman Brothers, Merrill Lynch, Morgan Stanley, Natixis, Nomura, NORD/LB, Nordea, Royal Bank of Scotland, Santander, Société Générale, Straumur Burdaras and UBS.
About Markit
Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.
Changes in Composition of Markit iTraxx Europe and Crossover Series 9 vs. Series 8