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Markit Announces LevX Volumes on First Day of Trading

London and New York – Markit today announced that the Markit iTraxx LevX (“LevX”), which rolled into its second series on 17 March 2008, traded more than EUR 2.8 billion on its first day of trading. These estimated volumes are based on a desk-by-desk survey of market makers conducted by Markit at close of business yesterday.

The LevX is a synthetic index referencing the most liquid names in the European leveraged loan market. Index constituents are listed on: www.markit.com/information/products/category/indices/credit_index_annexes.html.  Closing prices are freely available on Markit’s website on: www.markit.com/information/products/category/indices/levx.html.

Markit is the owner of the LevX, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets.

- Ends -

For further information, please contact:

Teresa Chick
Managing Director, Corporate Communications
Markit
Email: teresa.chick@markit.com
Telephone: +44-20-7260-2094

Caroline Lumley
Vice President, Corporate Communications
Markit
Email: caroline.lumley@markit.com
Telephone: +44-20-7260-2047

Note to Editors:

Key differences between Markit iTraxx LevX Series 1 and Series 2

Markit iTraxx LevX Series 1
Markit iTraxx LevX Series 2
Senior Index - 35 equally-weighted LCDS for 1st Lien
Senior Index - 75 equally-weighted LCDS for 1st Lien
 
Subordinated Index - 35 equally-weighted LCDS for 2nd/3rd Lien
Subordinated Index - 45 equally-weighted LCDS for 2nd/3rd Lien
 
Cancellable contracts
Non-cancellable contracts
 
Has not rolled since launch.
Semi-annual rolls, quarterly coupon payments with a 5-year maturity.
 

About Markit

Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.