JP Morgan strikes deal to save CDS market

JP Morgan, the US investment bank, has agreed to give away its technology for pricing credit derivatives in an effort to improve transparency in the $29 trillion (€22 trillion) market, as concerns among dealers rise that a draft law circulating the US Congress could decimate trading.

The International Swaps and Derivatives Association, a trade body, said it will share the code behind JP Morgan's CDS "analytical engine," which is widely used via Bloomberg terminals by market participants to price the contracts.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

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