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REPEAT: CME Group has announced....>

US EXCHANGE NEWS
US EXCHANGE NEWS: REPEAT: 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."
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. Link to CME announcement:
https://goo.gl/SZ7qh9

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