Open Access Derivatives Project CurveGlobal Goes Live
CurveGlobal is an interest rates derivatives venture that will offer low fees and no market data charges
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 info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
How long will AI tokenomics matter?
The Waters Wrap: Banks and asset managers are rethinking the economics of AI. Wei-Shen examines how firms will manage token costs.
TT acquires Trafix in 24/7 push, T+1 deadlines in the EU loom, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
Buy-side firms warn semantic layers not a quick fix for AI integration
Semantic layers promise to teach AI what a firm’s data means. Keeping that meaning current is the part that may get overlooked, tech heads warn.
If everyone can be an expert in everything, is anyone an expert in anything?
The Waters Wrap: AI has promised to democratize knowledge and skillsets. Reb wonders whether that’s an entirely good thing.
Bloomberg launches CLO data solution, Alibaba Cloud expands, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
GPU compute derivatives are put to the test
Interest rates and onions of the past haunt what could be a booming new index market.
The GPU compute index race begins
Major exchanges are partnering with a new crop of benchmark providers to create a tradable asset class around GPU compute.
Agents are invading. Will it stick?
The Waters Wrap: Agentic features are becoming commonplace in the workflow tools of capital markets. Nyela wonders if the trend is sustainable.
