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FX & Money Markets
Israel-Iran conflict impact on FX Options volatility
By John Crisp
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Interest Rate Derivatives
Interest Rates & FX updates: June 2025
By Jessica Kalaria
11 Jun 2025
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Tradition extends lead as premier IDB for DV01 USD trades
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Product launch: Gasoline End of Day (EOD) Singapore report
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AMERIBOR (American Interbank Offered Rate) is a new alternative reference rate (ARR) for the U.S. dollar interbank lending market. As a benchmark it is designed to replace the current reference rate, the London Interbank Offered Rate (LIBOR), which was phased out at the end of 2021.
AMERIBOR has been published by the American Financial Exchange (AFX) since 2015. Unlike SOFR, AMERIBOR is based on unsecured loans and therefore contains a credit component that is more indicative of true funding costs for a wide variety of financial institutions, typically with assets under $250BN.
AFX represents approximately 25% of all U.S. banks (source = AFX) and has traded more than $1 trillion since inception.
Key features of AMERIBOR include;
Insight
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Tradition appointments to the CFTC Global Markets Advisory Committee (GMAC) & associated Subcommittees
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