LSE goes head to head with ICE over Libor replacement
LSE goes head to head with ICE over Libor replacement
LONDON, Feb 19 (Reuters) - The London Stock Exchange Group (LSE.L) will launch a contract to compete directly with rival InterContinental Exchange (ICE.N) to wean markets off Libor by 2021, the British bourse said on Monday.
路透倫敦2月19日電-倫敦證交所集團(LSE.L)週一表示，該集團將推出一項合約，與競爭對手洲際交易所(ICE.N)直接競爭，以期在2021年之前讓市場擺脱對Libor的依賴.
LSE's CurveGlobal derivatives arm is set to launch its three-month SONIA futures contract in the second quarter of this year. SONIA or Sterling Overnight Index Average, is a benchmark administered by the Bank of England.
倫敦證交所的CurveGlobal衍生品部門將在今年第二季度推出3個月期的索尼亞期貨合約。索尼婭或英鎊隔夜指數平均指數，是由英格蘭銀行管理的基準。
Regulators around the world aim to wean over $350 trillion of derivatives and other financial contracts away from Libor, after a widespread rate-rigging scandal brought the benchmark into disrepute and left submitting banks facing billions of dollars in regulatory fines.
世界各地的監管機構計劃讓超過350萬億美元的衍生品和其他金融合約擺脱Libor的影響，此前一場廣泛傳播的利率操縱醜聞使這一基準利率名譽掃地，提交利率的銀行面臨數十億美元的監管罰款。
UK regulators have set a 2021 deadline for moving to SONIA in Britain, with central banks elsewhere in the world taking similar action with other "risk free" rates.
英國監管機構設定了2021年遷至英國索尼婭的最後期限，世界其他地方的央行也採取了類似的行動，推出了其他“無風險”利率。
Although Libor, or the London Interbank Offered Rate, has been reformed and being administered by a unit of ICE, regulators say it is not being traded enough to be reliable.
儘管倫敦銀行間同業拆借利率(Libor)已經進行了改革，並由洲際交易所的一個部門管理，但監管機構表示，它的交易還不夠可靠。
A liquid futures contract will help markets meet this transition challenge, said Andy Ross, CurveGlobal's chief executive, said in a statement.
CurveGlobal首席執行官安迪·羅斯在一份聲明中表示，流動性強的期貨合約將幫助市場應對這一轉型挑戰。
ICE Futures Europe has already launched a one-month futures contract referencing SONIA.
ICE期貨歐洲公司已經推出了一個月期期貨合約，參考索尼婭。
A financial industry official said choosing between ICE or LSE will depend to some extent on where a customer wants to clear and net against other derivatives contracts held in the same clearing house to save on costs.
一位金融行業官員表示，在洲際交易所還是倫敦證交所之間進行選擇，在一定程度上將取決於客户希望在哪裏進行清算，並以同一清算所持有的其他衍生品合約進行淨額結算，以節省成本。
CurveGlobal said it was offering its contract free of clearing and exchange fees for the remainder of this year.
CurveGlobal表示，它將在今年剩餘時間內為其合同提供免收清算和交換費的合同。
譯文內容由第三人軟體翻譯。