Corporate Bonds Eclipsed
Financial Times - 7 August 2007
This story describes the tremendous growth in the credit derivatives markets to the point where it is eclipsing the corporate
bond market. The story discusses the strong interest in from a broad array of market participants in the fairly newly launched
indices such as iTraxx on which credit derivatives trade. iTraxx has become an important market indicator, the story says.
Creditex Group Inc. founder and CEO Sunil Hirani is quoted in the story talking about the strong volume and recent volatility.
He also comments on the role of the market in allowing for the transfer of risk among market participants.
