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。