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LACI |
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Bonds included in the LACI will use ratings from the three major ratings agencies, Fitch, Moody's, and Standard and Poor's, as a guideline to determine their asset class. JPMorgan will trade products derived from the LACI on a 24 hour basis and expects that the majority of trading to occur during New York market hours. The stock of Spectranetics was decimated back in early October after the company said the Circulatory System Devices Advisory Panel of the FDA recommended non-approval of its Pre-Market Approval (PMA) supplement for LACI (Laser Angioplasty for Critical Limb Ischemia). |
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