LSE-backed Libor replacement faces data wrangle
Proposed secured rate based on data from NEX, which has a competing offering
One of the candidates to become the new sterling risk-free rate could be facing an uncertain future after doubts surfaced around its access to trade data belonging to the sponsors of a rival benchmark offering.
The FTSE-Russell-sponsored Sterling Secured Overnight Executed Transactions (Sonet) rate proposal was unveiled by representatives of London Stock Exchange Group and Euroclear UK and Ireland
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