Markit has announced that its iTraxx Asia indices will roll into their tenth series on 29 September 2008. There are some changes to the index construction – the Markit iTraxx Japan HiVol index will not roll into Series 10. The decision was taken based on dealer polls that the company conducted. In addition, the three-year and 10-year maturities of the Markit iTraxx Japan Main index as well as the 10-year maturity of the Markit iTraxx Australia index will be discontinued. These measures were taken to concentrate liquidity in the remaining maturities. There are also changes to index composition – based on liquidity polls, two constituents were replaced in the iTraxx Asia ex-Japan IG and one in the iTraxx Asia ex-Japan HY. Four constituents were replaced in the iTraxx Japan Main index. The Markit iTraxx Australia index remains unchanged.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.