Trading

LSE confirms rates push with new futures exchange

Long-awaited derivatives venue to launch with backing from consortium of banks

LSE confirms rates push with new futures exchange
Photo: iStock

The London Stock Exchange Group has announced that it will launch a new derivatives venue, known as CurveGlobal, along with a consortium of banks and a US exchange, in the second quarter of 2016.

CurveGlobal is backed by Bank of America Merrill Lynch, Barclays, Citigroup, Goldman Sachs, JP Morgan, Societe Generale and the Chicago Board Options Exchange. It will initially offer trading in short-term interest rate futures in Euribor and short sterling, and long-term interest rate futures in bund, bobl, schatz and gilts.

WSJ Logo