{"id":8701,"date":"2008-09-25T00:00:00","date_gmt":"2008-09-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"credit-derivatives-market-shrinks-12-as-dealers-reduce-trades","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/credit-derivatives-market-shrinks-12-as-dealers-reduce-trades.html","title":{"rendered":"Credit Derivatives Market Shrinks 12% as Dealers Reduce Trades"},"content":{"rendered":"<p>Bloomberg &#8211; Credit-default swap dealers reduced the volume of outstanding contracts for the first time amid efforts to reduce risks in a market used to hedge against bond losses and speculate on corporate creditworthiness.             <\/p>\n<p>The volume of outstanding trades fell to $54.6 trillion from $62 trillion in the first half, the International Swaps and Derivatives Association said in a statement yesterday. It was the first decline since ISDA started surveying traders in 2001.     <\/p>\n<p>&#8220;This decrease primarily reflects the industry&#8217;s efforts to reduce risk by tearing up economically offsetting transactions and demonstrates the industry&#8217;s ongoing commitment to reduce risk and enhance operational efficiency,&#8221; ISDA Chief Executive Officer Robert Pickel said in the statement. &#8220;We expect to see more effects of this over time.&#8221;     <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;refer=home&#038;sid=aYdE4_qKZF94\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Credit-default swap dealers reduced the volume of outstanding contracts for the first time amid efforts to reduce risks in a market used to hedge against bond losses and speculate on corporate creditworthiness. The volume of outstanding trades fell [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[180,84,2110,276,2200,361,403,125,173,236,547],"class_list":["post-8701","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-accountant","tag-beta","tag-conspiracy","tag-fourth-quarter","tag-global-credit","tag-municipal-bond","tag-public-offering","tag-qualitative-assessment","tag-strategist","tag-trillion","tag-wb"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8701"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8701\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}