Trading Technologies connects customers to CurveGlobal
CurveGlobal is delighted to announce that it has signed an agreement to provide customers of Trading Technologies International, Inc’s (TT’s) TT® platform with free access to Curve. TT’s customers who are not currently connected to Curve will be able to trade short term interest rate futures with no Market Access Provider (MAP) fees, enabling them to benefit from growing volumes and open interest on CurveGlobal, particularly in SONIA-linked instruments. CurveGlobal futures also clear at LCH enabling customers to further benefit from portfolio margining opportunities.
Andy Ross, CEO CurveGlobal:
“Our partnership with Trading Technologies will enable their customers to benefit from lower costs and significant margin efficiencies when trading STIRs through CurveGlobal. The easy electronic access available through Trading Technologies will also give traders the opportunity to benefit from free market access and clearing as well as portfolio margining against OTC products cleared through LCH Ltd.”
Steve Stewart, Managing Director Sales EMEA, Trading Technologies:
“CurveGlobal has been leading the charge to increase competition in the interest rate futures space. We are happy to be working with them to provide our mutual customers with access to their platform as they continue to grow.”
CurveGlobal Markets is a Listed Futures Exchange, the derivatives segment of London Stock Exchange Plc. Working in partnership, its mission is to drive competition, cost efficiencies and execution innovation to interest rates futures markets. CurveGlobal is continuing to help in the market’s transition from LIBOR to SONIA with c.45% of our GBP Futures volumes now in SONIA Futures compared to 13% in October last year. STIR products available through CurveGlobal are 3M Euribor, 3M Sterling, 3M SONIA and 1M SONIA.
CurveGlobal is offering fee free trading and clearing until 30 September 2021 with no market data costs.
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LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years.
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Our acquisition of Refinitiv means we can provide the breadth and depth of financial data and best-in-class analytics that customers expect – driving innovation and growth across global markets. And our high-performance solutions – from trading, to market surveillance, to wealth solutions and more – help to enhance the performance of our customers. FTSE Russell is a leading global provider of financial indexing, benchmarking and analytic services with more than $16 trillion benchmarked to our indices – and offers an extensive range of data services and research. The combination of Refinitiv and FTSE Russell provides LSEG with leading capabilities in data, analytics, indices and benchmarks.
We offer our customers extensive access to capital markets and liquidity across multiple asset classes. We operate a broad range of international equity, fixed income, exchange-traded funds/exchange traded products and foreign exchange markets. Our Group is home to several capital formation and execution venues: London Stock Exchange, AIM, Turquoise, CurveGlobal, FXall and Tradeweb (through a majority ownership interest).
We support our customers’ clearing and reporting obligations, providing risk, balance sheet and financial resource management solutions, whilst working with our other divisions to extend this support across the value chain.
A leading global clearing house with a strong presence across multiple asset classes, LCH helps financial institutions all over the world use their capital efficiently and manage counterparty risk. We work closely with sell-side clearing members and buy-side clients in conjunction with trading venues globally.
UnaVista, a regulated platform that helps customers meet their reporting compliance obligations and reduce operational and regulatory risk through reporting, reference data and analytics solutions, further complements our Post Trade offering.
Through a comprehensive suite of trusted financial market infrastructure services – and our open-access model – we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.
LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.