Worried About Getting Your Money Back? Bet against it
October 31st, 2006 by Ian
The new larger CME announces it will allow traders to trade “Credit Event Futures” based on credit-default swaps, a whopping $26 trillion over-the-counter market. The new futures contracts will only be three companies to start until further approval from the CFTC. They include the: Tribune Co., owner of the Chicago Tribune; home builder Centex Corp.; and Jones Apparel Group Inc., which are some of the most active in the swap market.
CME has had a productive year thus far. Besides the acquisition of its long time rival, the Chicago Board of Trade, the exchange has launched numerous new products. Real estate futures dubuted in March, two weeks ago it annouced the introduction of Canadian cities to the weather futures market, next week marks the beginning of snowfall futures tracking snowfall indices of Boston and New York City, and expected to launch the first quarter of 2007 is a deal with Reuters creating a centrally cleared foreign exchange marketplace.
Here is a list of all CME’s products
