risk 03Remember those risky subprime mortgage wagers? Something similar may return to the market

 

This is a denverpost.com article.

 

A bond-market startup is a step closer to reviving crisis-era derivatives that let investors bet on U.S. homeowner defaults.

JPMorgan Chase, Bank of America and Credit Suisse Group have given price data to the startup, New York-based Vista Capital Advisors, which rolled out the latest version of its pilot initiative this month, according to a person with knowledge of the matter. Vista has been working on the project for the past few years with Intercontinental Exchange Inc.

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