The furture contracts will allow continuous trading of interest rate benchmarks without expiry.
Architect Financial Technologies has partnered with MarketVector Indexes to launch perpetual futures contracts linked to interest rate benchmarks, to be listed on its AX exchange. The contracts are designed for institutional investors and will be standardised and centrally cleared, allowing trading on a regulated exchange. Unlike traditional futures, the new products will not have an expiry date, removing the need to roll positions and reducing associated costs. According to the companies, th