LSEG to shutter derivatives exchange CurveGlobal after just five years
The derivatives exchange will cease trading of all instruments on 18 January next year following an ongoing unsuccessful period.
The derivatives exchange will cease trading of all instruments on 18 January next year following an ongoing unsuccessful period.
An Acuti report has found that 52% of respondents were ready for the Libor transition in listed derivatives, the lowest result of all instruments.
TT customers will be able to trade short term interest rate futures at LSEG’s CurveGlobal with no market access provider fees.
Short term interest rate traders at BNP Paribas can now access futures listed on the CurveGlobal Markets exchange.
Robert Grillo joins CurveGlobal after a two-year hiatus as head of business development for the Americas.
Firms can apply for a pre-paid fee scheme that will allow traders to execute an unlimited number of lots in CurveGlobal derivatives over a specified period.
CurveGlobal has said it will launch one month SONIA interest rate futures on 29 July this year.
CurveGlobal set several new records on the platform in January, following a 350% increase in volumes since MiFID II was introduced.
ED&F Capital Man MENA is the first Middle-Eastern-based member to join CurveGlobal following the LSEG’s financial regulatory approval in Dubai.
CurveGlobal launched three-month Sterling Overnight Index Average (SONIA) futures earlier this year.