London based interest rates derivatives platform CurveGlobal has raised a £20m funding round led by the London Stock Exchange Group and CBOE.
CurveGlobal is proving itself to be a highly efficient differentiator in the exchange traded derivatives space; offering genuine choice and liquidity to the market. Since launch, 2,209,252 million lots have been traded and open interest currently stands at circa 176,579. Over 10% of volume has come in the last 29 trading days, demonstrating the growing momentum behind the platform. Significantly, in the context of Best Execution rules under MiFID II, CurveGlobal products listed on LSEDM continue to be best price or tied the majority of the time, while offering lower transaction fees, free market data, potential margin savings and the ability to trade fractional blocks for increased price granularity. CurveGlobal also offers customers access to a global, multi-currency liquidity pool through LCH, as well as portfolio margining through LCH Spider to maximise margin offsets.