Brazil Leads EM CDS Trade
EM CDS turnover was $1.1trn in 2009, with Brazilian sovereign contracts most frequently traded and UMS CDS fourth most liquid, according to an inaugural survey by EMTA. Brazilian sovereign CDS volume hit $159bn, while Mexico saw $120bn, lagging Turkey and Russia. The second most liquid corporate CDS contract was Pemex, at $13bn, though this...
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