Hi all, Could anybody give me some pointers to readings on electronic market making using high-frequency VWAP trading algorithms for CDS futures? Hopefully I could find in-depth readings on this topic. How does settlement happen in CDS? any readings on this topic? Also, how do you backtest CDS? Can you construct a continuous contract with carry? Any detailed readings on this topic? Time is running out to lose money ;-) Any thoughts? Please shed some lights on me on these! Thank you!