ICE Said Planning Credit-Swap Futures on Derivative Indexes

Exchange said close to launching futures on Markit indexes.

IntercontinentalExchange Group Inc., owner of the world’s largest credit-default swap clearinghouse, is close to offering futures on the most active derivative indexes.

The new contracts will replicate the lineup of companies included in the investment-grade and high-yield swap indexes owned by Markit Group Ltd., according to a person with knowledge of the plan. ICE, as the company is known, failed in an earlier effort at credit-swaps futures that sought to give investors a way to bet on improving or deteriorating credit markets.

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