Eurex, the Swiss-German exchange, has received a vote of confidence from a survey that has found 80% of asset managers want to use the exchange-traded credit derivative it launched last week, despite negligible take-up so far by the world's top dealers.

Merrill Lynch's credit investor survey, which focussed on the exchange's new iTraxx index futures, said: "Enthusiasm for the product appears high: over 80% of investors said that they planned to trade the credit futures in the coming months."