Dow Jones, the third-party index provider, has agreed to take over the management of Trac-x, Morgan Stanley and JP Morgan's family of credit default swap (CDS) indices, and will open up the ownership of the products to other marketmakers.

Dow Jones Indexes is to assume immediate responsibility for the licensing, new product and portfolio development, branding, marketing and sales, and public relations. The indexes are also to be rebranded as Dow Jones Trac-x Indexes.