Derivatves

What Happened: The world’s largest interdealer broker TP ICAP Group PLC (LON: TCAP), plans to launch a digital asset exchange after partnering with Standard Chartered PLC (LON: STAN) and Fidelity Investments. According to a report from Reuters, the platform will allow...

The debt markets and derivates segments are gearing up for an enormous change called the “Big Bang,” i.e. switching over from the old interest rate benchmark -- the London Interbank Offered Rate (LIBOR) to the new Secured Overnight Financing Rate (SOFR), reports Bloomberg. The new...