Talks about a collaboration between Dow Jones Indexes and iBoxx hit the rocks earlier this month when the two sides failed to agree over the name of the new index they were planning to create. Dow Jones Indexes, with its Trac-x indices, and iBoxx both cover the credit default swaps marketplace. The two have been in discussions about the creation of a merged index, ostensibly to be named Dow Jones CDX. However, iBoxx and its backers, Deutsche Bank, ABN Amro and Citigroup, are apparently unhappy about the choice of name, and about the involvement of Mark-it Partners, the U.K. credit derivatives data provider that retains a stake in Trac-x, which has the backing of J.P Morgan and Morgan Stanley. The two sides are under pressure to come to an agreement before the end of the month, when contracts on their respective indices expire.
A-Team Insight Blogs
Dow Jones Indexes-iBoxx Talks Hit Rocks over Name
Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...
DSB Publishes UPI Implementation Timeline, Lists Products Requiring Identifier, Opens Second Fee Model Consultation
The Derivatives Service Bureau (DSB) has taken three more significant steps towards go live of the Unique Product Identifier (UPI) service in July 2022 with the publication of a draft implementation timeline, an initial list of products that will require UPIs and a second UPI fee model industry consultation focusing on the timeline and encouraging...
TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.
A-Team Group recently held a webinar on the topic of Regulation and Risk as Data Management Drivers. Fill in the form to get immediate access to the accompanying Special Report. Alongside death and taxes, perhaps the only other certainty in life is that regulation of the financial markets will increase in future years. How do...