Exchange giant NYSE Euronext has been forced to suspend its European credit default swap clearing service because it had failed to attract a single trade almost eight months after launch.

A spokesman for the exchange said the CDS clearing service was "under review" and no timeframe had been set for a decision, but that it remained suspended for now. He confirmed LiffeClear had not attracted a single CDS trade since it went live on December 22 last year. It was developed in partnership with Anglo-French clearing house LCH.Clearnet.