SEPTEMBER 2020 - CURVEGLOBAL NEWSLETTER
![]() Hello and welcome to the latest CurveGlobal newsletter! I hope you all managed to take some time away from your screens to recharge your batteries. As you know, we’re over six months into the COVID lockdown and while we clearly have much work to do, not least in management of fear, it’s good to see that the worst projections have not been realised. Let me be frank – COVID has not been helpful to CurveGlobal. If you’re working from home, you’re not necessarily looking at the second screen; and if you want something done, saving a few tenths of a tick in a fast-moving market isn’t that important – but getting it filled is. So we saw volumes and some OI fall. But as a very poor golfer I'm used to having to “play the ball as it lies”, dealing with the situation in front of you. We’re all OK with that because we believe that we are providing unique benefits to the marketplace. So how are we helping clients during this time? This is the question our team, our supporters, board and partners here at LSEG focus on most – and with good reason. We believe that if we do the right thing for clients, we’ll be best positioned to make the difference to the futures market that it deserves. So here are some of the benefits we deliver – that legacy exchanges don’t. CurveGlobal Pays It Back
We’re making these moves because we believe that market participants deserve to be treated fairly – and that only happens in a competitive environment. By trading with CurveGlobal, you’re not just getting better performance, you’re keeping dominant exchanges on their toes. So, we’re ready to go! Are you? We’ve got a huge amount of infrastructure built, no cost to trade and better pricing available. And by infrastructure, I mean brokers connected, clearing banks and non-banks FCMs, ISVs – all ready to go. These changes are designed to build and deliver competition to the market and offer you some real and genuine choice. Stay safe, wash your hands, and start trading CurveGlobal futures! Best, ![]() LIBOR Transition Readiness Survey Ahead of the LIBOR end-date, CurveGlobal has commissioned a report on the transition from the legacy benchmark (and other IBORs) to alternative risk-free reference rates (RFRs). To compile the report, CurveGlobal has commissioned Acuiti to conduct an industry-wide survey to gain insights into the challenges facing market participants, latest trends, current debates and other topics relating to the transition. The survey should only take five minutes to complete and all responses will remain anonymous. Survey respondents will receive a copy of the final report. Thank you in advance for taking part. Trade ConceptCurveGlobal to launch a series of initiatives during October By Ian Murphy October Initiatives Zero Fees
*Subject to regulatory approval Double Notional Sterling Product Launch
![]() The “SONIA” mark is used under licence from the Bank of England (the benchmark administrator of SONIA), and the use of such mark does not imply or express any approval or endorsement by the Bank of England. “Bank of England” and “SONIA” are registered trademarks of the Bank of England. Double Notional Sterling Product Trading Strategies
**CurveGlobal Newsletter July 2020 Adaptive Price Block Trade Enhancement
Monthly Volumes and Open Interest![]() LIBOR Transition Week (12-16 October 2020) CurveGlobal is collaborating with London Stock Exchange Group (LSEG) on a “LIBOR transition week”. We will be participating alongside LCH, FTSE Russell and Primary Markets in daily panel discussions covering LIBOR thematic topics across LSEG. Each day, a business unit will host a panel of experts on the effects of the LIBOR transition on businesses. Please see the initial agenda below. Registration details to follow. The end of LIBOR – the timelines, the challenges and what comes next New benchmarks and the future shape of swaps markets Futures trading risks and opportunities in a post-LIBOR world From LIBOR to SONIA – the role of term rates LIBOR – from an issuance perspective Press Articles of Note (includes subscription content)LIBOR’S END NEARS STERLING SWAP TRADERS BRACE FOR NEW SONIA SWITCH DEADLINE AUGUST TRADING VOLUMES IN EUROPE PLUMMET IN QUIETEST MONTH OF MIFID II ERA UK BANKS’ RATE SWAPS BOOKS CONTINUED TO GROW IN Q2 To find out more about CurveGlobal or to offer suggestions on improving this newsletter, contact us at +44 20 7797 1055 or info@curveglobal.com. |