'Fixings' Set CDS Pricing
Securities Industry News - April 4, 2005
Creditex, Markit and large broker dealers have joined together to set fixings for credit default swaps. The benchmark
prices on the three most liquid European CDS indices by means of regular, screen-based auctions will boost confidence and
liquidity. The fixings will bring more volume to the market. Initially, the fixings are rolled out for European CDS because
most e-trading is being done in Europe.
