Fixings launched for CDS market
April 2005 - Credit
This article discusses the launch of fixings in the credit default swap market. The story indicates that a market for
second generation credit derivatives is now closer. The story quotes Creditex CEO Sunil Hirani saying that as markets mature,
the demand for a reference benchmark rates is stronger. He likens the coming of the fixing in the CDS market to what happened
in interest rate swaps with the establishment of Libor.
