Markit postponed the launch of the Markit ABX.HE 05-2 index. The ABX.HE is a tradable synthetic index of U.S. subprime ABS.
Markit ABX.HE index dealers voted to postpone the launch because of market conditions.
As previously announced, the Markit ABX.HE 05-2 index was scheduled to launch on Oct. 2. A new launch date has not been determined.