The Intercontinental Exchange has announced an October launch for two futures contracts that will reference the secured overnight financing rate (SOFR) that US market participants have chosen to replace Libor.
ICE will launch one and three month cash-settled SOFR futures on October 1, the exchange said this week. These will add to its growing suite of futures that use proposed alternative reference rates as their underlying. ICE has already launched Sonia futures for the UK rates markets and
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