ICE plans single-name CDS platform

摘要

Recent efforts to revive the once robust market for single-name credit default swaps are set to be augmented by the launch of a buyside-centric anonymous trading platform by the Intercontinental Exchange - possibly in the next few months, according to traders. The exchange has floated plans to buyside and sellside traders behind the scenes for a platform that would cater to an industry desire for a revival of the single-name market as an answer to the lack of liquidity in the cash bond market. The exchange and traders believe that an open access, exchange-like platform for trading the currently bilaterally negotiated contracts would open the doors to a multitude of new participants and boost liquidity in the flagging market.