Mostly… fixed income and cross product eTrading

July 12, 2007

On-Exchange Credit: Doom and Gloom, v2

Filed under: etrading — holky @ 7:35 pm

Just like the post showing three of Eurex’s credit derivatives contracts failed to attract a trade, we now hear that credit products launched by the three Chicago derivatives exchanges have yet to attract any trading volume since their launch last month;  None of the new products have attracted any volume according to spokespeople at the three exchanges.

We are also reminded that when CBOT launched interest rate swap futures in 2001 they failed to attract liquidity until Citigroup and Goldman Sachs became marketmakers a year ago; and to underline that point, last month, CBOT’s 10-year interest rate swap contract had an average daily volume of just under 3,000, more than four times the volume of a year ago.


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