ISDA Taps ICE Benchmark Admin to Run ISDAFIX Benchmark

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ICE Benchmark Administration will start with a clean slate by implementing a new methodology for ISDAFIX

ISDAFIX currently provides average mid-market swap rates daily at midday and in some markets at end of day by polling mid-market rates. However, when ICE Benchmark Administration takes over as administrator, it will migrate ISDAFIX from its current polled model of collecting price estimates from banks to a new methodology based on tradable quotes from multilateral trading facilities, to align ISDAFIX with principles published last year by the International Organization of Securities Commissions

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