Trading Technologies connects customers to CurveGlobal
CurveGlobal, a Listed Futures Exchange, the derivatives segment of London Stock Exchange Plc, announces that it has signed an agreement to provide customers of Trading Technologies International, Inc’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 is continuing to help in the market’s transition from LIBOR to SONIA with c.45% of its 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.