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Is There a Future for Credit Default Swap Futures?

Author

Listed:
  • Or Shachar

Abstract

Last year, IntercontinentalExchange (ICE) launched a credit default swap index futures contract. In the first two weeks there were spurts of interest in it, but soon it became evident that the new product was unable to generate sufficient demand. Given their short life span in the credit default swaps (CDS) market, the question becomes why were these futures contracts launched in the first place? And, assuming that they were created in response to a real need of market participants, will we see a revival of swap futures in the future?

Suggested Citation

  • Or Shachar, 2014. "Is There a Future for Credit Default Swap Futures?," Liberty Street Economics 20141222, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87003
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    File URL: https://libertystreeteconomics.newyorkfed.org/2014/12/is-there-a-future-for-credit-default-swap-futures.html
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    More about this item

    Keywords

    Financial Innovation; Swap Futures; CDX Index;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

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