Trading of tranches on the LCDX index, which references 100 US leveraged loan credit default swaps, started in early October. But after a strong start, volumes have tapered off. On October 9 - the day CDS IndexCo, a consortium of banks, and London-based data provider Markit launched the product - aggregate trading volume exceeded $2.5 billion. By October 29, it was about $8 billion.
"We have lost some sponsorship. Until the spread environment settles and we see rated structures come back and
The week on Risk.net, March 10-16 2018Receive this by email