The Indexes provide a daily value for accrued compound SONIA interest relative to the first day value of 100 on the date when the Bank of England took responsibility for SONIA.

The pair said that their partnership underscored the growing interest from the buy-side in Sponsored Repo services offered by State Street.

Research by Greenwich Associates estimated that the average daily e-trading volume reached a new record of $10.6 billion in January earlier this year.

John Lowrey has left the US investment bank after over five years as global head of electronic markets to start up a consulting firm, The TRADE understands.

The Integral survey found that only 2% of firms expected to use single-dealer platforms in the next year, while 46% expected an increase in the use of multi-dealer platforms.

Systematic investment manager Aspect Capital is expanding its use of OpenGamma’s analytics as it looks to trade new markets.

Michael Kirby joins TraditionDATA as a senior member of the data sales team for the Americas after working at TP ICAP and CME NEX for over three decades.

The ESG options were traded on 9 and 11 February via the Virtu RFQ-hub and were valued at $332 million and $1.67 billion respectively.

The exchange reached a new daily volume record of 265,511 Secured Overnight Financing Rate (SOFR) contracts on 25 February.

The pan-European exchange has subsequently reshuffled the leadership of its Paris business in preparation for the completion of the deal.