Exchange's administration unit has moved three benchmarks in past year
The benchmark unit of the Intercontinental
Exchange has moved interest rate swap benchmark ISDAFix to a
new calculation process based on live prices from trading
venues, marking the third benchmark switched by the unit in a
ICE Benchmark Administration said on
Wednesday it had introduced a new calculation methodology for
ISDAFix known as ICE Swap Rate, based on tradable quotes from
five interest rate swap platforms.
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