(Bloomberg) -- The Chicago Mercantile Exchange
reported no trades on its first day offering credit derivatives,
which investors can use to bet on corporate creditworthiness.
The Merc became the first U.S. exchange to offer trading in
credit-default swaps, which have grown to cover more than $34.5
trillion in debt securities in the over-the-counter market and
is dominated by 16 banks.
Read more at Bloomberg Bonds News
reported no trades on its first day offering credit derivatives,
which investors can use to bet on corporate creditworthiness.
The Merc became the first U.S. exchange to offer trading in
credit-default swaps, which have grown to cover more than $34.5
trillion in debt securities in the over-the-counter market and
is dominated by 16 banks.
Read more at Bloomberg Bonds News
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