CME to develop new repo rate derivatives
CME Group will start offering derivatives on the broad US Treasuries repo financing rate, which will replace Libor in many contracts, as soon after the start of the daily publication of the rate as possible. This is expected to be in the first half of 2018.
CME will develop options and futures on the new benchmark and over the next few months will consult with market operators on the new product's development and subsequent specifications. It is expected that the new contracts will complement its Federal Fund futures and the Eurodollar futures products."We ...
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