The MDX Working Group in consultation with the MDX Buy Side Advisory Group has recommended that initial trading of MDX swaps begin after the start of the new year.

We recently participated in the ICE Fixed Income Forum 2025 hosted at NYSE, where leaders from across the industry explored how innovation continues to reshape fixed income markets.

Whether to source or hedge risk, MDX investors will look to correlations with other household debt to determine exposures. Two important areas of correlation will matter: fundamental credit performance and market pricing of risk.

The MDX Calculator provides a top-down modeling approach to discounting swap cash flows to compute aggregate credit performance, spreads, and prices.

We’re pleased to share the latest update to our MDX Trade Example, now incorporating the finalized ISDA terms for MDX swaps. This revision reflects the completion of industry-standard documentation and aligns the MDX framework with established ISDA conventions.

In this on-demand webinar, members of the Vista Index Services team provide an in-depth overview of the MDX framework, product structure, and the supporting market infrastructure that underpins MDX swap trading.

Vista is pleased to offer an MDX Swap indicative price time series covering the period 2019–2024. Developed in partnership with ICE Clear Credit and five dealers, firms submitted end-of-day indicative levels for on-the-run, generic MDX Swaps with a fixed five year duration and a 2% coupon.

ISDA members, representing various market participants, reviewed and commented on the ISDA® Vista MDX® Swap Standard Terms Supplement and ISDA® Vista MDX® Swap Transaction Confirmation.