I’ve talked to three people with an inside line on negotiation with “founding members” of ICE’s and CME’s units that want to float a proper CDS market. For now, these seem to be the sticking issues. 1. How much capital will the members need to lock up ? 2. Margin requirements. Some companies balked at ...
All right then, I gave it away in the title of the article. My favorite investment in the CDS market to be is the Intercontinental Exchange. Founded in the year 2000 in Atlanta, the ICE pioneered the market for WTI Crude [West Texas Intermediate Crude]. Most of this commodity is from smaller wells in Texas ...
The unravelling of the housing market, followed by the credit markets, was, (in my opinion) due to the proliferation of Credit Default Swaps a.k.a CDS’s. CDS’s were invented by a brilliant British woman – Blythe Masters. In the olden days, if you bought a bond, your risks were: a. Default on the payment of interest. ...
http://www.markit.com/information/news/press_releases/2008/october/10.html OUCH OUCH OUCH © 2008, Oct 12, 2008, Bapcha’s Stocks. ...