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LSE goes head to head with ICE over Libor replacement

LSE goes head to head with ICE over Libor replacement

伦敦证交所与洲际交易所就Libor替代问题针锋相对
路透新闻 ·  2018/02/19 22:10

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.

路透伦敦2月19日电-伦敦证交所集团(LSE.L)周一表示,该集团将推出一项合约,与竞争对手洲际交易所(ICE.N)直接竞争,以期在2021年之前让市场摆脱对Libor的依赖.

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.

伦敦证交所的CurveGlobal衍生品部门将在今年第二季度推出3个月期的索尼亚期货合约。索尼娅或英镑隔夜指数平均指数,是由英格兰银行管理的基准。

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.

世界各地的监管机构计划让超过350万亿美元的衍生品和其他金融合约摆脱Libor的影响,此前一场广泛传播的利率操纵丑闻使这一基准利率名誉扫地,提交利率的银行面临数十亿美元的监管罚款。

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.

英国监管机构设定了2021年迁至英国索尼娅的最后期限,世界其他地方的央行也采取了类似的行动,推出了其他“无风险”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.

尽管伦敦银行间同业拆借利率(Libor)已经进行了改革,并由洲际交易所的一个部门管理,但监管机构表示,它的交易还不够可靠。

A liquid futures contract will help markets meet this transition challenge, said Andy Ross, CurveGlobal's chief executive, said in a statement.

CurveGlobal首席执行官安迪·罗斯在一份声明中表示,流动性强的期货合约将帮助市场应对这一转型挑战。

ICE Futures Europe has already launched a one-month futures contract referencing SONIA.

ICE期货欧洲公司已经推出了一个月期期货合约,参考索尼娅。

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.

一位金融行业官员表示,在洲际交易所还是伦敦证交所之间进行选择,在一定程度上将取决于客户希望在哪里进行清算,并以同一清算所持有的其他衍生品合约进行净额结算,以节省成本。

CurveGlobal said it was offering its contract free of clearing and exchange fees for the remainder of this year.

CurveGlobal表示,它将在今年剩余时间内为其合同提供免收清算和交换费的合同。

译文内容由第三方软件翻译。


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