ReMATCH, the credit default swap (CDS) portfolio rebalancing and market risk mitigation service, has added U.S. financials to its list, Financial Times reports. The service, which is a unit of Icap, has since November conducted four sessions with 10 large banks in the U.S. ReMATCH has lowered a total of $8.4 billion in CDS trades on U.S. financial reference credits, including American Express, Capital One Financial and GE, in its first four runs. ReMATCH has held over 20 sessions for Latin American emerging markets credits with volumes of nearly $45 billion since March 2010.
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