EM CDS trading stays high

EM CDS trading stays high

Equity

Emerging Market CDS trading rose 40% in the second quarter from the same period last year, an EMTA survey of major dealers shows. The 13 dealers that took part in the survey reported trading $389m in the period, up from $279m in the second quarter of 2013. However, on a quarter-on-quarter basis, CDS volumes declined 5% from the $409 billion reported in the first three months of 2014. “With better market tone in the second quarter versus the first quarter, and with overall volatility on the decli

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