The global “SOFR First” initiative launched on July 26.
The data gives an insight during the trading day to where SOFR is likely to fix tomorrow.
The decision provides the market with greater clarity.
AFX webinar panelists including Barbara Novick and Richard Sandor discussed the transition away from the long-used benchmark.
FCA and Bank of England encourage adoption of RFRs from 21 September 2021.
The exchange has launched new fixed income, thematic and ESG-focused indices.
Results were impacted by low levels of credit market volatility in a year over year comparison.
National Securities Clearing Corporation has also added new fixed income ETF capabilities.
FIA PTG said a viable agency clearing model can increase market resiliency, liquidity and transparency.
