CME Group,the world’s leading and most diverse derivatives marketplace, today announced it is publishing CME Term SOFR Reference Rates for 1-month, 3-month and 6-month tenors. Introducing CME Term SOFR Reference Rates: BMR compliant, aligned to IOSCO principles, and ready to use in cash mar...
(ADV) record of 25.2 million contracts for the month, up 16% from January 2023. The company’s interest rate ADV saw double-digit growth, driven by its SOFR complex and U.S. Treasury futures. ADV also increased by double-digits across energy, agricultural and foreign exchange products. ...
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that, after June 30, 2023, CME Term SOFR will be the benchmark replacement rate for all outstanding floating rate and fixed-to-floating rate debt securities and preferred stock issued by The Bank of New York Mellon Corporation ...
Three-month CME Term SOFR, plus a tenor spread adjustment of 0.26161% per annum (the applicable tenor spread adjustment for securities that reference three-month U.S. dollar LIBOR). ABOUT BNY MELLON Established in 1...
The Chicago-based exchange group said in a client notice: “The first publication of the new Term SOFR 12 Month reference rate will take place on Tuesday September 21 at approximately 5 a.m. Central Time (CT).” Agha Mirza, Global Head of Interest Rate and OTC Products, said the launch...
On July 29, 2021, the Alternative Reference Rates Committee (ARRC) formally recommended CME Group's forward-looking Secured Overnight Financing Rate (SOFR) term rates ("SOFR Term Rates"),1 marking a key step in the transition away from U.S. dollar LIBOR and providing market...
Things just kind of move round a bit, and for whatever reason this happens to be the slowest month that we’ve seen in over the last several years. But you know what’s interesting about April is we’ve got our metals complex has been up, our Ag complex is up, and our energy, say...
CME Group USD Malaysian Crude Palm Oil Futures Volume and Open Interest In January 2023, CME Group crude palm oil volume totaled 27,069 lots (676,725 metric tons) and the end-of-month open interest was 48,017 lots (1,200,425 metric tons). Sponsored Are Euro ESTR and SOFR Traders' Exp...