GFI-Icap pursue credit fixings

New York- and London-based interdealer brokers GFI and Icap say they are pressing ahead with their credit derivatives index tranche fixings, amid a lack of clarity over their methodology and questions over whether their results would be made publicly available.

GFI and Icap trumpeted the launch of the first multi-broker credit index tranche fixings at the end of March. The fixings consist of a blind auction between dealers, who input prices on screens across a range of tranches and conduct tr

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