Markit, a financial information services company and owner of the Markit CDX indices, today announced that it has postponed the rolls of the Markit CDX North America Investment Grade, Markit CDX North America Investment Grade High Volatility, Markit CDX North America Crossover, Markit CDX Emerging Markets and Markit CDX Emerging Markets Diversified indices.
This decision was taken after Markit CDX index dealers voted to postpone the rolls due to market conditions and requests from their clients.
The aforementioned indices will roll into new versions on 2 October 2008 instead of on 29 September 2008 as previously announced. The indices will have an annex date of 2 October 2008 and an effective date of 21 September 2008.
As previously scheduled, the Markit MCDX index will roll into its eleventh series on 3 October 2008 and the Markit CDX North America High Yield index will roll into its eleventh series on 6 October 2008.