ABIBLO FINANCE - ABX

Abiblo Finance - ABX 
ABX is a form of tradable index which began trading in 2006. It is based on the series of baskets of 20 credit derivatives relating to the subprime mortgage loan. 
The index was considered as the barometer of the collapse of the market in 2006 -2007. 
it is used by traders to buy or sell exposure to these risk. 
The price of these instruments was considered as a measurement of the risk associated with many classes of subprime mortgages.