This will aid the transition from LIBOR by providing a rate based on overnight indexed swaps.
Third-country benchmarks that are widely used in the EU could become unavailable.
The market should still transition to Libor alternatives before the end of 2021.
The focus is bringing together market participants to interact seamlessly in a global order book.
The use of algorithmic trading across FICC markets has increased significantly.
The powers will help manage tough legacy’ contracts that cannot transition from LIBOR.
Roll-out of anonymous venue is a response to trader concerns about information leakage.
The challenge has evolved from a lack of data, to managing the sheer volume of data.
Fintech firm has partnered with Jim Toffey, founder of Tradeweb Markets, to create LTX.
