The PrimeX index is scheduled to launch on April 28th, 2010 but it has already begin trading ahead of its official start date, according to analysts at Bank of America Merrill Lynch.

The PrimeX indices will allow investors to synthetically gain exposure to specific collateral types and vintages within the prime RMBS market through 4 indices: PrimeX.FRM.1, PrimeX.ARM.1, PrimeX.FRM.2, and PrimeX.ARM.2. Vintages and collateral types will be separated among these 4 indices.

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