Indexes
Doubts Raised Over GFI, Icap Index Data
A multi-broker credit index tranche fixing service launched last week by interdealer brokers GFI and Icap appears to have run into trouble, with uncertainty over the data distribution and licensing arrangements for the new fixings, which are based on the…
DJIA Drop Glitch Remains Unknown
The calculation engine for the Dow Jones Industrial Average index returned to smooth running last week after experiencing technical difficulties on Tuesday, Feb. 27 that led to an apparent sudden massive drop in the index in the middle of an already bad…