Luc Fortin: CORRA Futures Debut at Montreal Exchange

August 12, 2020 00:13:45
Luc Fortin: CORRA Futures Debut at Montreal Exchange
John Lothian News Interviews
Luc Fortin: CORRA Futures Debut at Montreal Exchange

Aug 12 2020 | 00:13:45

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Show Notes

JLN spoke to Luc Fortin, president of TMX’s Montreal Exchange, about its newest short term interest rate product, CORRA futures, which launched in June. CORRA is calculated by the Bank of Canada from transaction-level overnight repo rates. CORRA represents Canada’s move away from using interbank offer rates as interest rate benchmarks.   

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