ICE optimistic about CDS futures despite some traders' concerns

04/15/2013 | Reuters

IntercontinentalExchange is optimistic that the four new credit default swap futures products it is planning to launch will garner strong interest, despite a lack of enthusiasm for similar products in the past. "Dealer support for previous attempts was ambivalent or even hostile, but now there is a trend towards more futures style markets," said ICE Clear Credit Chief Operating Officer Peter Barsoom. While some traders agree that a simple futures product for CDS may be desirable, many remain skeptical that the upcoming products from ICE are necessarily that product.

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