The Markit MCDX index is a credit index referencing municipal single name CDS.
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Markit MCDX is owned, marketed, administered and calculated by Markit. The index helps enhance liquidity in the single name CDS market.
The index includes the following primary characteristics: reference entities, reference obligations, ratings, credit events, recovery rate assumptions for upfront and unwind calculation, roll dates, tenor and quotation standard.
Ability to trade large sizes quickly and confirm all trades electronically
Wide dealer and industry support, allowing for significant liquidity in all market conditions
Pricing freely available daily on all indices, and all index characteristics standardised and documented
Contributed prices from multiple leading banks, with rigorous quality control process applied
On 20 July 2016, the European Commission issued a decision in Case COMP/AT.39745 - CDS Information Market in which it accepted certain commitments offered by Markit.
The commitments are available from the European Commission's website at the following address:
The commitments adopted by the Commission include:
In connection with the CDX and iTraxx index advisory committees, Markit would like to invite firms who are interested in joining any of the advisory committees listed
below to please contact either
in the first instance.
Markit has appointed FTI as the Monitoring Trustee to monitor its compliance with these commitments. FTI's contact details are set out below:
Important notifications and public information about our indices, including changes to upcoming series following index rolls, credit events on constituents and issuance of new indices
Publicly available documentation relating to our indices, including methodologies, annexes and educational guides, as well as trading and legal documents for tradable indices