Industry body has produced a roadmap aimed at guiding asset managers through the transition from Libor to Sonia.
CME Group will launch two SONIA interest rate futures contracts on 1 October pending regulatory approval.
CurveGlobal launched three-month Sterling Overnight Index Average (SONIA) futures earlier this year.
Libor is in the process of being phased out and will be replaced by SONIA in April this year.
SONIA futures contracts aim to facilitate the UK’s transition from the LIBOR benchmark.