Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

ISDA Puts Out to Tender Role of ISDAfix Benchmark Administrator

Don't Miss Out —
Follow us on:

Feb. 24 (Bloomberg) -- The International Swaps and Derivatives Association Inc. said it’s seeking offers from companies wanting to become the benchmark administrator for ISDAfix, a measure used in the $426 trillion swaps market.

The winning bidder would be responsible for calculating ISDAfix rates, collecting the data and checking the integrity of submissions, the ISDA said in a statement today.

Icap Plc is losing its role setting the benchmark for interest-rate swaps as regulators look into whether banks manipulated the measure. Bloomberg News reported last year that U.S. regulators have found evidence that the rate, which is set daily based on data reported by banks, was manipulated at the expense institutional investors.

ISDA, a trade group for the derivatives industry, said in September it planned to set all of the rates based on actual trades, instead of trusting the information banks submitted.

An official at Icap in London didn’t immediately return a call seeking comment.

To contact the reporter on this story: Gavin Finch in London at

To contact the editor responsible for this story: Edward Evans at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.