News
Energy & Commodities
Jet Fuel Demand Shows Promising Signs of Recovery
By Francesca Marrone
13 Mar 2024
Market Data
USD Corporate Bond Sales Reach Record $228 Billion in February 2024
By Jim Mahn
8 Mar 2024
Tradition Continues to Outperform Competitors in February 2024
By Ian Sams
7 Mar 2024
Tradition Mexico acts as Intermediary for the first MXN Overnight TIIE Swaps Trade
9 Feb 2024
Product notification
25 new USD SOFR Butterfly Spreads added to package
13 Feb 2023
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The Singapore Overnight Rate Average (SORA) is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore. This alternative reference rate has gained significant traction in the market, as financial institutions look for solutions to replace the fading benchmark of LIBOR.
SORA is based on actual transactions in the market, making it more representative of the current market conditions. Lastly, it is administered by the Monetary Authority of Singapore (MAS), which provides a level of assurance to market participants regarding its accuracy and reliability.
SORA offers a number of unique features that make it a valuable tool for financial services professionals. These features include:
As a reference rate for pricing financial products such as bonds, loans, and derivatives.
As a benchmark rate for determining interest payments on savings and deposit accounts.
As a basis for determining the exchange rate between the Singapore dollar and other currencies.
As a benchmark for benchmarking fund performance.
As a reference rate for assessing the creditworthiness of borrowers.
TraditionData’s SOFR packages provide the most robust, comprehensive and accurate view of the American Markets.
Insight
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Tradition appointments to the CFTC Global Markets Advisory Committee (GMAC) & associated Subcommittees
By TraditionData
27 Jul 2023
Data insights key for financial players to capitalise on SORA
27 Jun 2023
Rates market turmoil boosts demand for modelled LIBOR alternatives
17 May 2023