Lower your
Futures costs

Our innovative product offering allows you to enhance your derivatives trading options and to choose how you trade and clear – giving you complete control.

Boost performance through innovation

We are an efficient futures exchange – offering a credible alternative to longer-established venues with better liquidity and better prices.†

Opportunity with LIBOR transition to create competition

Our innovative contracts, products and services keep pace with benchmark reform. Worried about the LIBOR transition? Our Inter-commodity spread (ICS) strategy allows market participants to hedge their LIBOR-based risk to SONIA-based risk. Plus, because we clear through LCH, we have access to margin efficiency tools where you can portfolio margin vs your swaps.

Reduce costs and improve choice

Zero fees*, better execution, greater choice on price. CurveGlobal Markets Listed Futures Exchange offers you choice, which returns the power to you. Now you can move your futures business beyond the traditional limits – trade for free*, clear for free* and margin your listed rates as you wish. It’s our client-centric approach that sets us apart.

Choose the way you trade

With CurveGlobal Markets Listed Futures Exchange, you can choose how you trade interest rate derivatives. We bring competition and choice to the derivatives trading experience.

Innovative rates products

CurveGlobal Markets Listed Futures Exchange’s product range includes short-term interest rate SONIA, LIBOR and Euribor futures and long-term government bond futures. Inter-commodity spread (ICS) functionality also enables you to trade SONIA and LIBOR futures simultaneously.

Efficient trading and clearing

As London Stock Exchange’s derivatives segment, CurveGlobal Markets Listed Futures Exchange holds Recognised Investment Exchange status, and all products are cleared through LCH.

Potential economic benefits

The products traded on CurveGlobal Markets Listed Futures Exchange offer zero fees*, better prices†, no market data costs, the ability to trade closer to mid through trading blocks, and potential margin savings through LCH Spider's automated portfolio margining tool.

Market participants include

Products traded on CurveGlobal Markets are produced by CurveGlobal Limited – an interest rate derivatives venture between London Stock Exchange Group and seven tier 1 banks, together with Cboe.

Whitepaper: SONIA futures benefits explored.

Read this new whitepaper to discover why, in comparison to LIBOR, SONIA futures at CurveGlobal Markets provide a better risk management tool. It also explores the cost savings from margin offset via LCH between cleared swaps and exchange traded futures.

If you indicate that you wish to subscribe to marketing communications, either by submitting a dedicated subscription form and/or selecting a relevant subscription option on a form, you consent to receiving email communications from London Stock Exchange Group plc and the London Stock Exchange Group of companies (together, “LSEG”). LSEG will update your email preferences and hold your details in its contact database which can be accessed by LSEG group companies. For more information on how LSEG uses your data, see our Privacy Policy. For more information about LSEG group companies, click here. You can update your email preferences or unsubscribe at any time by clicking here.

Explore our market Insights

Discover the latest thinking and opinions on issues in our market.

SONIA futures trading volumes on the rise

We’re excited to be building open interest and volumes in the sterling market and SONIA futures, as our CEO Andy Ross explains.

Read article >

BNP Paribas goes live on CurveGlobal Markets

We welcome BNP Paribas, the latest major bank to go live on CurveGlobal, enabling its traders to access interest rate futures that clear at LCH.

Read article >

Your at-a-glance guide to CurveGlobal Markets

This handy factsheet gives you a summary of CurveGlobal Markets and the benefits of trading interest rate futures at our exchange

Download factsheet >

Estimate your margin savings

Adjust the sliders in the Margin Scenario Tool below to illustrate your range of potential margin savings with CurveGlobal Markets.

Select the number of currencies you use.
Currencies
1
Now add your Initial Margin information.
LCH
$20m
Eurex
$20m
ICE
$20m
Probability
Margin $m

Your potential margin savings

To discuss your potential margin savings in more detail, please contact us via the form below.

%
$m
Projected Savings
%
$m
%
$m
Standard deviation range

Talk to us to learn more

Connect with CurveGlobal Markets Listed Futures Exchange and join the future of derivatives trading. Provide your details and we will be in touch soon.

If you're an existing customer and need to talk to us, click here.

*Free trading for one year from 1 October 2020 and no clearing fees for 6 months from 1 October 2020.

†Independent data available.

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If you indicate that you wish to subscribe to marketing communications, either by submitting a dedicated subscription form and/or selecting a relevant subscription option on a form, you consent to receiving email communications from London Stock Exchange Group plc and the London Stock Exchange Group of companies (together, “LSEG”). LSEG will update your email preferences and hold your details in its contact database which can be accessed by LSEG group companies. For more information on how LSEG uses your data, see our Privacy Policy. For more information about LSEG group companies, click here. You can update your email preferences or unsubscribe at any time by clicking here.