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### According to the NY FRB, the...>

US EXCHANGE NEWS
US EXCHANGE NEWS: ### According to the NY FRB, the new repo reference rate will
be disseminated daily starting April 3, along with "Broad General Collateral
Rate (BGCR) and the Tri-Party General Collateral Rate (TGCR)" at 0800ET. CME
Group has announced a new futures contract based on Secured Overnight Financing
Rate (SOFR), the "recommended alternative to U.S. dollar LIBOR for use in
certain new U.S. dollar derivatives and other financial contracts," as announced
by the Alternative Reference Rates Committee in June last year. According to the
CME, the new SOFR futures will start trading on May 7, "pending regulatory
review, and trade alongside highly liquid Eurodollar, Fed Fund and Treasury
futures to offer enhanced spread trading capabilities via CME Globex
intercommodity spreads and capital efficiencies through margin offsets." 
Link to CME announcement: https://goo.gl/SZ7qh9

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