News
Market Data
Uncovering FX and Yield divergences with TraditionData’s broker-sourced data
By Akshay Gupta
27 Jun 2025
FX & Money Markets
Israel-Iran conflict impact on FX Options volatility
By John Crisp
25 Jun 2025
Interest Rate Derivatives
Interest Rates & FX updates: June 2025
By Jessica Kalaria
11 Jun 2025
Tradition extends lead as premier IDB for DV01 USD trades
By Ian Sams
10 Jun 2025
"*" indicates required fields
Δ
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.
Insight
The importance of high-quality OTC data in navigating inflationary uncertainty
9 Oct 2023
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