CurveGlobal trades 1.5 million lots since launch

LSEG’s interest rate derivatives platform celebrates its first anniversary having launched in September last year.

The London Stock Exchange Group’s interest rate derivatives platform CurveGlobal has reported 1.5 million lots have been traded since its launch a year ago.

More than 40% of that volume was traded in the last three months, with the most recent 100,000 lots traded in just eight business days.

CEO at CurveGlobal, Andrew Ross, explained the platform has already proven itself to be a highly efficient venue for derivatives trading, offering choice and liquidity to the market.

“As we grow volumes and add participants, CurveGlobal continues to provide much needed competition in the futures markets.

“Our Open Access platform provides margin and capital efficiencies, giving firms choice into where they execute and clear their interest rate derivatives trades,” he added.

CurveGlobal is celebrating its first anniversary this month, having launched in September last year in partnership with CBOE.

Several major dealer banks backed the venture including Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi, Goldman Sachs, JP Morgan and Societe Generale.

Commenting on the launch at the time, Ross - who is Morgan Stanley’s former head of European OTC clearing - explained the aim was to create a new future for derivatives trading and clearing.