Open Access Derivatives Project CurveGlobal Goes Live
CurveGlobal is an interest rates derivatives venture that will offer low fees and no market data charges

London Stock Exchange Group (LSEG) announced the launch of its new venture CurveGlobal, which was initiated with the help of major dealer banks, such as JPMorgan, Goldman Sachs and Societe Generale.
During its first phase, CurveGlobal will offer trading in Short Term Interest Rate (STIR) futures in Euribor and Short Sterling and Long Term Interest Rate (LTIR) futures in Bund, Bobl, Schatz and Gilts.
CurveGlobal will not charge for market data. Also, it will give access to a single default fund across OTS and listed trades via LCH.
Investors will be able to use LCH's portfolio margining tool, Spider, in order to generate margin offsets against a deep pool of derivatives open interest.
CurveGlobal was supported by major banks, such as Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi, Goldman Sachs, J.P. Morgan and Societe Generale, together with the Chicago Board Options Exchange.
Andy Ross, CEO of CurveGlobal said in a statement that CurveGlobal will announce new contracts and products in the near future.
"From launch today, we start with a proven exchange and clearing architecture, as well as access to a deep pool of open risk, totalling over $100 billion in initial margin," he said.
Ross spoke to Dan DeFrancesco on the Waters Wavelength podcast about the launch. You can listen to the entire episode here.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Management & Strategy
Waters Wavelength
Waters Wavelength Podcast: Episode 226 (M&A and people)
On this episode of the Wavelength Podcast, Wei-Shen and Tony talk about the importance of communication when it comes to M&A activity within a company.
Subscribe to Weekly Wrap emails
Most read
- The curious case of Larry Fondren and DelphX
- Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
- Itiviti’s Blueprint for Success—Investing in People and Products
- Esma: Both OTC identifiers will not be required in Emir reporting
- All roads lead to Bergamo: Euronext eyes new home for its tech