GLOBAL - CDS IndexCo LLC, a consortium of 16 investment banks licensed as makers in the ABX and Dow Jones CDX indexes, and Markit Group Limited, have launched CMBX, a synthetic index of US commercial mortgage backed securities (CMBS).
CMBX consists of five traded index tranches. Similar to ABX index which launched in January 2006, the index family consists of five indices based on the 25 most recent CMBS deals. The minimum si...
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