Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • City Index signs as Platinum Partner for Sydney Roosters rugby forex news
  • Exclusive: LMAX Group Asia Pacific head Scott Moffat departs forex news
  • Moscow Exchange to launch after-hours trading in bonds forex news
  • Paula Dwyer steps down as ANZ Director forex news
  • Swissquote becomes official sponsor of ZSC Lions forex news
  • ACCC issues warning fund recovery scams are rampant, investors need to be wary of paid help forex news
  • Consob reports more than 550 investment websites blocked in Italy forex news
  • Clearwater Analytics names Joseph Kochansky its President, Product and Technology forex news

Refinitiv Term SONIA benchmark sees substantial adoption

Posted on 2021-07-01 By admin No Comments on Refinitiv Term SONIA benchmark sees substantial adoption

Refinitiv has announced client adoption and usage figures for the Refinitiv Term SONIA benchmark, a forward-looking, risk-free reference rate available in 1-month, 3-month, 6-month and 12-month tenors denominated in sterling and designed to be an alternative to LIBOR.

Six months following the January 11, 2021 launch of Refinitiv Term SONIA benchmark there has been significant client adoption of the rate. Since the prototype launched in July 2020, the Refinitiv Term SONIA has been viewed by more than 600 clients. Refinitiv now see more than 220 users from 170 clients access the Refinitiv Term SONIA rate each week via its Eikon desktop and more than 110 clients access it per month using our real time data feeds.

There are now many committed banks that have signed order forms to use the Refinitiv Term SONIA rate and there is a strong pipeline of customers with whom discussions, to use the rate, are ongoing. Some customers have already started issuing financial contracts referencing Refinitiv Term SONIA.

Jacob Rank-Broadley, Head of LIBOR Transition, Benchmarks & Indices at Refinitiv said:

“We designed the Refinitiv Term SONIA benchmark around our clients’ needs and to the highest regulatory standards, and so are pleased to see solid market adoption across EMEA, APAC and the Americas, and used as a reference rate in financial contracts.”

Refinitiv Term SONIA rate leverages the firm’s extensive experience in administering high quality benchmarks. Since launch of the benchmark in January, only the primary data sources have been used in calculation of the rate. To ensure the benchmark is robust and can be published in almost all circumstances there is a waterfall methodology based upon activity in the interdealer and institutional SONIA OIS markets.

The London Interbank Offered Rate (LIBOR) underpins hundreds of trillions of dollars of financial instruments and contracts, making it one of the most widely used benchmarks in the world. Following announcements by the Financial Conduct Authority (FCA) the industry anticipates the cessation of LIBOR in the foreseeable future. The Refinitiv Term SONIA benchmark supports market participants including lenders and borrowers with their migration away from GBP LIBOR.

forex news Tags:forex-news

Post navigation

Previous Post: PhillipCapital UK changes LME membership category
Next Post: INFINOX add payments via Swiffy and Beeteller

Related Posts

  • FCA issues notices to three futures traders over alleged market abuse forex news
  • Exclusive: Abdelhadi Laabi joins Capex.com as MENA region CMO forex news
  • Schwab reports record net income of $1.6 billion for Q4 2021 forex news
  • SEC orders Ameritas Advisory Services to repay $4.6M to harmed investors forex news
  • HKEX appoints Yang Qiumei as Managing Director, Advisor to CEO forex news
  • HKEX to introduce “Kill Switch” on HK securities market forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Forex Cartel trader insists DOJ should not withhold evidence forex news
  • TradeStation launches new FIX API connection for crypto customers forex news
  • Institutional FX trading volumes show summer weakness in July, down 4% forex news
  • Stripe builds crypto capabilities adding Matt Huang to its BoD forex news
  • New Zealand’s FMA censures Jarden Securities for license breaches by OMF forex news
  • Beeks grants option over 195,000 shares to CFO Fraser McDonald forex news
  • ASIC to monitor compliance with CFD offering restrictions forex news
  • TradingView releases new version of Lightweight Charts forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme